Will the lender be notified when the mortgage loan is approved

The lender will be notified when the mortgage is approved, and the general bank will notify it by SMS. If the provident fund applies for a portfolio loan, the money for the two loans will be distributed in batches. In this case, it may be because one of them has not been distributed yet. That is to say, in addition to this kind of loan business, I am usually told about mortgage loans. Usually, after lending, the bank will send a text message to inform the lender that the loan has been completed. Under normal circumstances, you can receive a loan text message on the same day.

The process of mortgage approval and loan

1. The loan applicant shall provide the payment application form and loan materials.

When you want to apply for a mortgage, you have to prepare the relevant information in advance, and then you can fill out the loan application form.

If you don't know what loan materials need to be prepared, you can consult the bank when you go to the bank to get the loan application form. Usually loan materials need proof of marital status, ID card, household registration book, income certificate, bank running water and other materials.

2. Account Manager Input System

After the loan applicant prepares the relevant materials to be provided and fills in the loan application form, he can provide the loan application form and loan materials to the bank account manager. Then, the bank account manager needs to make a preliminary review of your materials to see if the materials you have prepared are complete. If they are not complete, they will ask you to be ready before applying.

Generally speaking, after the account manager confirms that all your information and loan application form are in order, the next step is to determine the repayment method and loan interest rate, and sign a power of attorney with you. After the account manager has passed the preliminary examination, they need to input your information into the system, scan and upload it, and then submit your credit and loan materials from the system to the leader for review.

3. Review by the Credit Department

The credit department receives the loan materials from the account manager, and then they will submit them to the leader for review from the system, so that your materials will enter the credit department. At this time, the credit department will not conduct a detailed review of your personal qualifications, but they will usually focus on whether your personal credit record is good and whether the documents submitted are complete.

4. Approver's approval

Generally speaking, banks often have a very detailed division of labor. For example, one department reviews mortgage information, and another department specifically approves mortgages. They will duplicate the work of the censor. If they don't find any problems during the re-inspection, then your mortgage is basically approved.

5. Bank loans

If all the information you submit is ok and the bank thinks it is ok, then after the approval, the account manager will inform you to go to the bank for face-to-face signing and handle other mortgage procedures.