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Rate Lock Request - Mortgage

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Rate Lock Request

– Mortgage

Important Info & Procedure

  1. Rate-lock will only be performed after the file has been registered and submitted to the lender. 
  2. The Loan Originator to provide proper program information and accurate pricing adjustment to avoid any delay in the process.
  3. The Loan Originator will receive an email notification after the request has been processed. 
  4. The lender’s rate lock confirmation will be forwarded to the Loan Originator upon receiving it. 
  5. The request will be void automatically if unable to complete the lock prior to the lender’s deadline of the day.
  6. Re-submission of Rate Lock Request is a must, with updated pricing information if not completed on the previous attempt.
  7. The Loan Originator is responsible for monitoring rate lock expiration and requesting extensions as needed.
  8. The processing team will not be responsible for any delay of rate lock due to uncontrollable circumstances from any party during the process.