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Loan Application Process

Understanding the loan application process prepares you to make informed decisions. This section outlines how we process your application and, if approved, how we close your loan. We're confident that you will complete the lending process pleased with the service, expertise, and rapid turnaround times NewDay Financial's Account Executives are committed to providing.

Prepare.
Before applying, be sure to have the following information:

Your current monthly and yearly income
Your current expenses
The approximate value of your house

Apply.
You can apply in the way that is most convenient to you:

Get started right now by clicking here! Your information will be sent to one of our dedicated Account Executives to immediately start looking at the best loan options to meet your needs. You'll receive a follow-up call from your New Day Account Executive scheduled at your convenience.
Or call us toll-FREE at 1-888-443-4335 and speak directly to one of our qualified Account Executives right now.

Verify.
During the loan process, you may be asked to provide us with some basic documentation to help us validate the information provided. This could include:

Recent pay stubs
Last year's W-2 or two (2) years tax returns if self employed
Homeowner's insurance policy or binder

We may also need to obtain lenders title insurance on your property. Title insurance provides us with protection against potential adverse lien holders. The cost of title insurance can sometimes be financed.

Processing the loan.
Our goal is to complete the loan process from pre-approval to close and have a check in your hands in as little as 10 days. Once we have received all of the necessary information your loan will be processed as quickly as possible. The prompt return of all required documentation will allow us to complete your transaction smoothly and efficiently.

When you apply, your Account Executive will review all of your application information and work with you to make sure you end up with the best loan program, or combination of programs, to meet your needs.

Sign documentation.
When your loan is ready to close, a loan documentation package will be sent to you via express mail. You will be required to review the documents and sign as indicated in the presence of a Notary Public. In the case of some loans in some states, you will be required to attend a live closing. We will coordinate that for you as well.

Receive funds.
Once funds are available, they can be express-mailed to you or placed in an account of your choice through direct deposit. If you have completed a debt consolidation loan, we will gladly mail the payoff checks directly to your creditors for you.

Loan Programs:
Refinancing/Cash Out | Debt Consolidation | Home Improvement