Loan Process

Yes, we built Lendexa with privacy and security as part of our top priorities. We use bank-level encryption to ensure your private information is kept safe and secure.
Yes, you will be assigned a Lendexa Loan Expert once you complete our application. It only takes a few minutes!
 
No, you are not committing to anything by getting pre-approved.
Once you select your loan and decide to move forward with a lender, you will also be given the opportunity to lock your rate.
Processing times vary for each person and type of mortgage. We work to get you the right mortgage as quickly as possible and many of our customers are closing in as few as 10 to 14 days from submitting their application.
An escrow account is an account that is set up by the lender to collect your taxes and insurance payments.
Most lenders we work with require an escrow account. An escrow account is an account set up by the lender to collect your monthly taxes and insurance payments. In some cases, the lender will allow the borrower to waive an escrow account. Please contact your Simplist Loan Expert if you need additional information.
No, unfortunately it's not possible to transfer an escrow account. Your current lender will typically refund any balance in your current escrow account within 3 weeks of closing.