What To Expect When You Apply
Axis Capital Group offers multiple ways to start the application process – online, over the phone, or in person – so you can work with us however it’s most convenient for you. Once your mortgage application is complete, our state-of-the-art loan processing system will work to give you an approval decision as quickly as possible.
Applying
Depending on how you choose to apply, there are different ways you can expect to complete the process.
Depending on how you choose to apply, there are different ways you can expect to complete the process.
- Applying online allows you to give us your financial, property and loan information quickly and conveniently from the privacy of your computer. It only takes about 20 to 30 minutes to fill out the application, and you have the option to complete it all at once or save it to finish it later. An Axis Capital Group mortgage consultant will contact you within the next business day to review your application and answer any questions you may have.
- Applying over the phone or in person allows you to give your information directly to a mortgage consultant. The consultant will walk you through each part of the application and complete it for you based on your answers.
Before starting an application, you should have the following information on hand for each applicant:
- Social Security Number
- Email address
- Gross income amount, including secondary income sources, if applicable
- Asset information, including the value of your banking, investment, and other accounts
- Current expenses, including housing, credit card and loan payments, child support, and other obligations
- Previous address if you’ve been in your current residence for less than two years.
- Name and address of your employer, and of your previous employer if you’ve been at your current job for less than two years
- Estimated purchase price (if you are purchasing a home)
- Estimated property value (if you are refinancing a home)
- Loan amount (if you are refinancing a home)
- Estimated down payment amount (if you are purchasing a home)
After you complete your application, you will most likely be required to send supporting documents (such as account statements and paycheck stubs) to your mortgage consultant. In some cases, your consultant may also send a copy of the completed application for you to sign and return with the outstanding documentation.
Processing and the loan decision
After you’ve completed the application, a mortgage specialist will begin verifying all the information you provided. Meanwhile, your credit report and other financial information will be reviewed in order to make an underwriting decision regarding the degree of risk involved in lending you money.
At Axis Capital Group, most loan decisions are performed by an automated underwriting system designed to provide faster results, often with reduced documentation. If the automated system can’t approve a loan, it’s turned over to an underwriter who will look for alternative loan terms to accommodate your needs and circumstances.
You should receive your loan decision within 24/48 hours of submitting all the required documentation. However, it’s important to communicate regularly with your mortgage consultant throughout the period leading up to the your closing date. This will allow you to be prepared in the event additional information is needed to finalize the loan.
Have you experienced credit challenges?
If you’ve gone through financial difficulties in the past that you think might affect your application, the best way to understand your options is work with your home mortgage consultant. Axis Capital Group offers a variety of loan options designed to help you get the financing you need now, and improve your financial situation in the future.
Learn how our Home Credit Solutions program can help you begin moving beyond short-term problems into a lifetime of secure homeownership.
Still have questions?
If you still have questions about what to expect when applying for your loan, a mortgage consultant can walk you through the process and provide further information.
After you’ve completed the application, a mortgage specialist will begin verifying all the information you provided. Meanwhile, your credit report and other financial information will be reviewed in order to make an underwriting decision regarding the degree of risk involved in lending you money.
At Axis Capital Group, most loan decisions are performed by an automated underwriting system designed to provide faster results, often with reduced documentation. If the automated system can’t approve a loan, it’s turned over to an underwriter who will look for alternative loan terms to accommodate your needs and circumstances.
You should receive your loan decision within 24/48 hours of submitting all the required documentation. However, it’s important to communicate regularly with your mortgage consultant throughout the period leading up to the your closing date. This will allow you to be prepared in the event additional information is needed to finalize the loan.
Have you experienced credit challenges?
If you’ve gone through financial difficulties in the past that you think might affect your application, the best way to understand your options is work with your home mortgage consultant. Axis Capital Group offers a variety of loan options designed to help you get the financing you need now, and improve your financial situation in the future.
Learn how our Home Credit Solutions program can help you begin moving beyond short-term problems into a lifetime of secure homeownership.
Still have questions?
If you still have questions about what to expect when applying for your loan, a mortgage consultant can walk you through the process and provide further information.
