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Mortgage process

Here's a step-by-step explanation of the home mortgage process from start to closing at Quontic Bank.

  • Prequalification: No documentation needed. Provide desired loan amount, income & savings for analysis.
  • Find a home: Assess your wants & needs then let your real estate agent help you find the perfect home.
  • Contract: Review & sign your contract of sale with your real estate attorney. Provide down payment check.
  • Application process: Upon receipt of the fully executed contract of sale, provide all necessary documentation & sign mortgage application & disclosures.
  • Appraisal order: Your appraisal is ordered usually within 48 hours of your application being submitted to processing.
  • Processing: Receive your “Welcome Package” email. Processor completes all verifications for credit, employment & assets.
  • Appraisal report: Received & reviewed! Processor updates you of outstanding conditions pending loan approval.
  • To underwriting!: Processor submits file to Underwriting Department for final review & Commitment Letter. The CL issued & sent to you & your attorney for review.
  • Title report: Your attorney submits the title report to the bank attorney for review & clearance.
  • Homeowners insurance: Copy of appraisal & mortgage clause provided to you to secure homeowners insurance.
  • Clear to close!: Submit all closing conditions for final clearance.
  • Schedule closing: You & your attorney are notified the loan is clear to close. Date is scheduled by the attorneys and bank.
  • Final walk-through: Borrowers do a final walk-through of the property to approve condition of the house prior to signing.
  • Closing: All parties sign closing documents with the bank attorney. Certified check instructions provided prior to closing.
  • Post closing: Contact all utility companies. Begin the process of grieving your property taxes & if applicable apply for the NYS STAR program (New York state residents only).

At Quontic Bank, we make the mortgage process simple, fast and hassle-free!


Learn more

To get started, prequalify now. For questions or additional information, contact a Quontic Bank loan officer—or reach us by online form, email or phone.

By online form
Loan inquires
Prequalify for a mortgage

By email
Customer service:
Loan inquires:

By phone
Customer service: 1-800-908-6600

Other resources

Fixed rate mortgages
Adjustable rate mortgages
Portfolio loans
'Lite Doc' loans (No tax returns needed!)
Foreign Nationals (Limited income verification!)
Condos & co-ops (New & non-warrantable OK!)
Jumbo & super jumbo
FHA loans (Low minimum down payment!)
VA loans
Reverse mortgages (Cash-out or home purchase)
Commercial Real Estate portfolio loans
First Home Club (Receive up to $7,500 toward your first home!)
Mortgage process
Mortgage checklist
Prequalify now
Contact us

Disclosure: Ask for additional details. Subject to eligibility & further review. Not all products are available in all states or for all amounts.

Abdul and a mortgage client
"Great service! My mortgage experience wasn't going great until I came to Quontic Bank. With the help and determination from Abdul and his team, I was able to close my deal," said Quontic Bank mortgage customer Mohammad Y. Ali.

Steven Ho with Ping Ling Oijing Chen
Quontic Bank loan officer Steven Ho with mortgage customer Ping Ling Oiling Chen.


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