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Rate Lock Request - Mortgage

DateSubject Property
DateSubject Property

Important Info & Procedure

  1. The rate-lock process will only be initiated once the file has been registered and formally submitted to the lender.
  2. It is the responsibility of the Loan Originator to provide accurate program information and pricing adjustments to ensure a seamless process without delays.
  3. Upon processing of the request, the Loan Originator will receive an email notification.
  4. The lender’s rate lock confirmation will be promptly forwarded to the Loan Originator upon its receipt.
  5. Please be aware that if the rate lock cannot be completed before the lender’s daily deadline, the request will automatically become void.
  6. In case the rate lock is not successfully completed during the initial attempt, it is imperative to resubmit the Rate Lock request with updated pricing information.
  7. Monitoring the expiration of rate locks and requesting extensions as necessary is the responsibility of the Loan Originator.
  8. The processing team cannot be held responsible for any rate lock delays resulting from uncontrollable circumstances involving any party during the process.