The Process in 4 steps:
Loan Origination: This is when you sign the loan package. Although now, you can e-sign the loan package which takes about 5 minutes.
Loan Processing: This is where the processor takes all the loan documents and the e-signed loan package and puts it together. If anything is missing, they'll tell you.
Underwriting: The Underwriter is the one who will make the final decision on your loan. I'm really nice to him or her!
Closing: The day you've been waiting for! You started the process by signing a bunch of forms...which is nothing compared to the amount of forms you sign at closing! J/K