Step One
Complete Inquiry Loan Application
Complete Loan Application Form 1003
Provide purchase contract (for purchases)
Provide pictures of the property inside and outside
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Step Two
CEP Funding reviews the application
We order title search
The application is pre-underwritten
A Term Sheet is issued
Provide Good Faith Estimate
Borrower decides to move forward and pays deposit towards site inspection and commercial appraisal.
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Step Three
A Site Inspection is completed by a senior staff member
Borrower receives Conditional Loan Commitment, accepts and pays deposit towards appraisal
Appraisal is completed
Loan Underwritten
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Step Four
Final Loan Commitment is issued
Call broker or borrower to inform him/her of results
Closing is schedule
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