Will it not be rejected to sign the contract after the mortgage is signed face to face?
Not necessarily, it is possible to be rejected, but the probability is relatively low. Under normal circumstances, after the loan is signed in person, the bank will send the signed loan approval letter to the borrower within 3-5 working days. Therefore, it usually takes 3-5 working days for the lender to know whether he has passed the bank audit.
The mortgage approval process is as follows:
1. The loan applicant shall provide the payment application form and loan materials.
When you want to apply for a mortgage, you have to prepare the relevant information in advance, and then you can fill out the loan application form. If you don't know what loan materials need to be prepared, you can consult the bank when you go to the bank to get the loan application form. Usually loan materials need proof of marital status, ID card, household registration book, income certificate, bank running water and other materials.
2. Account Manager Input System
After the loan applicant prepares the relevant materials to be provided and fills in the loan application form, he can provide the loan application form and loan materials to the bank account manager. Then, the bank account manager needs to make a preliminary review of your materials to see if the materials you have prepared are complete. If they are not complete, they will ask you to be ready before applying.
Generally speaking, after the account manager confirms that all your information and loan application form are in order, the next step is to determine the repayment method and loan interest rate, and sign a power of attorney with you. After the account manager has passed the preliminary examination, they need to input your information into the system, scan and upload it, and then submit your credit and loan materials from the system to the leaders for review.
3. Review by the Credit Department
The credit department receives the loan materials from the account manager, and then they will submit them to the leader for review from the system, so that your materials will enter the credit department. At this time, the credit department will not conduct a detailed review of your personal qualifications, but they will usually focus on whether your personal credit record is good and whether the documents submitted are complete.
4. Approver's approval
Generally speaking, banks often have a very detailed division of labor. For example, one department reviews mortgage information, and another department specifically approves mortgages. They will duplicate the work of the censor. If they don't find any problems during the re-inspection, then your mortgage is basically approved.
5. Bank loans
If all the information you submit is ok and the bank thinks it is ok, then after the approval, the account manager will inform you to go to the bank for face-to-face signing and handle other mortgage procedures.
The above are some contents of the mortgage interview, I hope I can help you.