Loan Process
What does the DMF loan process look like?
Context
Understanding the steps up front helps borrowers know what to expect from working with a broker.
The short answer
DMF uses a three-step process: (1) a goals conversation to understand the borrower's situation, (2) lender shopping across our network to compare terms, and (3) a guided close where we walk the borrower through approval to funding.
Things to keep in mind
Each step depends on the lender's own timeline and requirements once your file is submitted.
Next step
Start with a goals conversation — contact DMF to begin step one.
Have a question about your own situation?
DMF serves Minnesota homebuyers and homeowners by shopping your purchase or refinance file across multiple wholesale lenders — not a single bank's product menu.
Davis Monroe Financial, LLC is a mortgage broker, not a lender. We do not make credit decisions or fund loans. Rate locks are issued by the lender; we submit and manage lock requests on your behalf. All loans are subject to credit approval. Rates and terms are subject to change without notice.