Ab from Beginning to End—We'll Guide You Every Step of the Way Through Your Mortgage

UBS Mortgage ab Jumbo loans

From beginning to end—we’ll guide you every step of the way through your mortgage

These days, the process of securing a jumbo mortgage is more detailed and requires more documentation than before. It’s important for you to have an understanding of the process to help you plan accordingly. Your UBS Financial Advisor will introduce you to a UBS Mortgage Banker who will guide you through the entire process.1 Together, with a team of mortgage specialists, your Mortgage Banker will assist you from application through loan closing. Here is what you can expect along the way:

Step 1: Determine the right Your Mortgage Banker will work with you one on one to understand your mortgage and begin the home financing goals. Based upon expert knowledge of the residential application mortgage marketplace and a keen insight into your specific needs, your Mortgage Banker will help you choose a mortgage that complements your overall financial strategy.

At this time, your Mortgage Banker can review your rate options and provide a Good Faith Estimate that outlines the expected costs for your mortgage.

Step 2: Document gathering Your Mortgage Banker will also review the additional documentation you will need to provide based on your particular situation (type of property, employment information, W-2s, tax returns, etc.). . While this step in the process is often time consuming, being thorough and returning your documents quickly will help you receive a faster response about your conditional approval.

Please note: If you are planning to refinance and have a home equity loan or line of credit that you want to retain, you will need to provide documentation about this loan during the process. Retaining this loan or line, also known as subordination, may lengthen the closing timeline.

Step 3: Conditional approval Conditional approval means that UBS Mortgage has reviewed your income and asset documentation and has approved your loan subject to the documentation provided to date.

The conditional approval process requires the delivery of all the requested documentation to begin. Once we have received these documents, you should receive a response within one week. Complex situations may take longer.

UBS Mortgage is committed to fully understanding your home financing needs. Spending more time with you at the beginning of the process, particularly to complete your conditional approval, should help minimize unexpected issues that may delay your closing. Step 4: Registration After conditional approval and upon your agreement to move forward, your Mortgage Banker will register your loan. At this point, your appraisal(s) will be ordered and the application package will be mailed to you.2

Your Mortgage Banker will introduce you to your Loan Coordinator who will be your key point of contact and will work with you to complete the loan process through closing.

At this time, you can visit mortgageloanstatus.com to track the status of your mortgage, or call your Loan Coordinator at the number provided in your application package

Step 5: Application package You should receive your application package within three days of registration. It confirms your conditional approval and outlines the next steps. Your Loan Coordinator will contact you to review the materials and ensure that you understand what you need to do.

Step 6: Scheduling the appraisal If you are refinancing, an independent appraiser will contact you directly to schedule the appraisal appointment. Or, if you are purchasing a new property, the appraiser will contact your realtor.

Loans from $1.5 million up to $2 million require a formal appraisal review in addition to the actual appraisal. Loans of $2 million or more require two full appraisals.

Please keep in mind that the appraised value of your home will reflect current market conditions and comparable home values at the time of appraisal. Home values are still below their peak values reached just a few years ago.

Please note: If you decided to maintain your home equity loan or line of credit, UBS Mortgage will coordinate obtaining the subordination with the other lender.

Step 7: Final approval After all loan conditions have been met, your Loan Coordinator will review and closing your closing costs, answer any questions you may have and schedule a convenient time for your loan closing.

1 UBS Financial Advisors are employees of UBS Financial Services Inc. UBS Mortgage Bankers are employees of UBS AG, Tampa Branch or, in certain states for certain products, UBS Bank USA or their authorized agents. 2 Application costs may apply.

UBS Mortgage is a trade name for UBS AG, Tampa Branch or, in certain states for certain products, UBS Bank USA. All loans are subject to underwriting, credit and property approval. Not all products are available in all states, or for all loan amounts. Other restrictions and limitations may apply. UBS Mortgage currently offers residential mortgage loans within the 50 states of the United States of America and the District of Columbia.

Equal Opportunity Lender. Equal Housing Lender.

UBS Mortgage www.ubs.com/mortgages 100517-2170-M155

UBS Mortgage is a trade name for UBS AG, Tampa Branch or, in certain states for certain products, UBS Bank USA.