Abstract: A method of refinancing a mortgage loan is provided. The method of refinancing a mortgage loan comprises pre-approving a customer for refinancing of a mortgage loan. This customer is sent a pre-screened offer. The offer comprises materials setting forth the terms of the refinanced mortgage loan, materials providing all required pre-acceptance disclosures, and instructions describing how the customer may accept the offer. Upon receiving an indication of acceptance of the offer from the customer, a closing package is sent to the customer to be executed by the customer. The execution of the closing package by the customer creates a refinancing loan agreement. Also provided is a closing package for a mortgage loan comprising closing documents and a format and instructions providing specific guidance to the customer for completion and execution of the closing documents.
Type:
Application
Filed:
February 27, 2004
Publication date:
August 26, 2004
Applicant:
Wells Fargo Home Mortgage, Inc.
Inventors:
Geoffery H. Dreyer, Mark C. Oman, Robert James Caruso, Steven Arthur Bulmer, Eric A. Malchodi, Michael John DeVito, Nancy G. Brennan, Michael J. Heid, Timothy P. O'Brien
Abstract: A method of refinancing a mortgage loan is provided. The method of refinancing a mortgage loan comprises pre-approving a customer for refinancing of a mortgage loan. This customer is sent a pre-screened offer. The offer comprises materials setting forth the terms of the refinanced mortgage loan, materials providing all required pre-acceptance disclosures, and instructions describing how the customer may accept the offer. Upon receiving an indication of acceptance of the offer from the customer, a closing package is sent to the customer to be executed by the customer. The execution of the closing package by the customer creates a refinancing loan agreement. Also provided is a closing package for a mortgage loan comprising closing documents and a format and instructions providing specific guidance to the customer for completion and execution of the closing documents.
Type:
Application
Filed:
September 27, 2002
Publication date:
April 1, 2004
Applicant:
Wells Fargo Home Mortgage, Inc.
Inventors:
Geoffery H. Dreyer, Mark C. Oman, Robert James Caruso, Steven Arthur Bulmer, Eric A. Malchodi, Michael John DeVito, Nancy G. Brennan, Michael J. Heid, Timothy P. O'Brien