First Liberty Building And Loan Underwriting Process

First Liberty Building And Loan Underwriting Process

 Application Received

Your online application has been received and is in our queue awaiting assignment to a team member.

  1. Compliance Review

A team member is reviewing your file to confirm all needed documentation is included and the application is compliant with SBA requirements.

  1. Additional Information Needed

If additional information or clarification is needed a team member will be in contact. This step will not apply to all loans.

  1. Additional Information Received

            The requested information has been received and your file is being updated. This step will not apply to all loans.

  1. Submitted for Underwriting

Application has passed compliance review and has been submitted for underwriting.

  1. Underwriting Review

Application is being underwritten by a team member.

  1. Underwriting Complete

Underwriting has been completed.

  1. Submitted for Approval

Submitted for approval and SBA number.

  1. Approved

SBA approved and number assigned.

  1. Submitted for Funding

Submitted for funding.

  1. Funded