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600 Lake Air Suite 1B Waco, Texas 76710

Charles@McCullochTeam.com |   254.304.5520

NMLS# 1281536

Copyright © 2019 McCulloch Team created by Social Media Cowboys

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE COMPANY OR A LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE COMPANY RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEB SITE AT WWW.SML.TEXAS.GOV.
 
HOME MORTGAGE DISCLOSURE ACT NOTICE
The HMDA data about our residential mortgage lending are available online for review.  The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials.  HMDA data for many other financial institutions are also available online.  For more information, visit the Consumer Financial Protections Bureau’s Web site www.consumerfinance.gov/hmda

Paperwork Needed

Paperwork Needed & How it Works

Don’t be intimidated by the paperwork involved in the loan process. We will help you every step of the way.

The first step in the loan application is pre-qualifying and we’ll ask you some questions about your residence, employment history, and income.  With your permission, we’ll pull a credit report and review the information with you to ensure the information is correct.  Once completed we’ll ask that you provide the following:

  • W-2’s and tax return for borrower and co-borrower for the past two years.

  • Pay stubs for the past 30 days.

  • Bank statements asset accounts from the past two months for funds that will be used for purchase.

  • Drivers License for both borrower and co-borrower.

  • Social Security card for borrower and co-borrower.

Additional documentation may be needed depending on the complexity of the loan, however, this will be a good beginning for most loan applications. Your Loan Consultant will advise you if additional paperwork is needed, depending on your individual situation.

Once all documents are gathered, the loan application package is completed and the loan begins the processing stage. Your Loan Agency Consultant will walk you through and keep you informed during every step of the loan process, all the way through to closing.