Using the Warp Speed Mortgage online platform is an easy way to reach your home financing goals from the comfort of your home computer. While a completely online mortgage experience wasn’t possible when our parents bought their first home, technology has allowed lenders to move away from the traditional mortgage experience and support you remotely. This means that the entire home financing process takes place using digital technology that makes the online mortgage experience possible.
What are Online Mortgage Applications?
Online mortgage applications allow you to apply for a mortgage anywhere, anytime easily and securely from your smartphone, desktop, laptop, or tablet using Wi-Fi or cellular data. Completing an online application is the first step to getting pre-approved and beginning your home financing journey. A typical online application will request:
- Basic information about you
- Current employment
- Employment history
- Paystubs covering the last 30-day period
- W-2’s and/or 1099’s from the most recent 2-year period
- Tax returns from the most recent 2-year period (include personal and business if applicable)
- Bank statements: Most recent 2 months (all pages)
- Retirement/Investment Accounts: Most recent 2 months’ statements or most recent quarterly (all pages)
- ID verification
- For property owners: Each property owned, your most recent mortgage statement, homeowner’s insurance declaration page, income taxes, and HOA statement
The above documentation can be gathered quickly and easily through digital asset verification tools that communicate directly with your financial institutions to securely verify assets and collect necessary documents. You may be asked to upload documents more than once depending on your application.
How Does the Online Mortgage Application Work?
The Warp Speed Mortgage online application uses smart technology to quickly assess the information provided and efficiently move you through the home loan process. This smart technology reads your application and determines additional needed items, eligibilities, next steps, and will raise flags for any questions that arise. At this stage you will also choose your rate and loan program from personalized options based on your financing goals.
Reliable Customer Support
As you move through the application and the rest of your home financing journey, an experienced virtual customer support team will be able to help you as needed by chat, email, or phone. Warp Speed Mortgage also offers a robust Learning Center that you can turn to whenever you’d like to learn more about the digital home financing process.
Now that you’re familiar with the online application, you may be interested in learning more about digital asset verification. Otherwise, if you’re ready to begin your online digital mortgage journey, get started now!
