Once you enter the application information and press submit, an electronic mortgage loan application is sent to the Direct Lending Center of Regions Mortgage in Hattiesburg, Mississippi. One of our Mortgage Loan Representatives will review your application and contact you either by E-mail or telephone (based on the preference you indicate on the application.)

At that time, the representative will ask for your permission to pull a credit report ($50.00). You will need to have a Visa or MasterCard number ready.

Once the credit report and underwriting findings have been reviewed, our representative will contact you and request certain documents for approval of your loan. If an appraisal is required, authorization will be obtained to charge your Visa or MasterCard the appropriate fee. The representative will discuss with you at this time the programs and interest rates available and your desire to lock your interest rate. Important: Please consider carefully the timing of your lock request. Unfortunately, if interest rates decline after your lock has been confirmed, Regions cannot renegotiate your lock. You should only lock a rate when you are certain that you are comfortable closing your loan at that rate and within the designated period of time, just as Regions has agreed to honor your rate if rates increase.

Once we are in receipt of the requested documentation, the representative will discuss with you the loan closing process and a closing date. Regions will select the closing agent or Title Company, except where prohibited. The status of your loan will be on the Web site, accessible only to you with the use of your secure password.

We recommend the use of fax and E-mail for an expeditious process. However, you will be receiving paperwork during the process that will require original signatures prior to closing your loan.