The Loan Application Complete Package is assembled and submitted as follows:

• Point Center sends Borrower a Letter of Interest and a Fee and Placement Agreement
  (Package contains a Conditions Addendum).
• Borrower signs and returns the Point Center Fee and Placement Agreement
• Point Center receives the signed Fee and Placement Agreement and begins loan processing
• Point Center orders an appraisal and preliminary title report
  (Borrower pays appraiser directly).
• Borrower Completes Checklist:
  
  • Borrower uses the initial Condition(s) Addendum as a checklist to assist in making sure that all the items needed by Point Center to process the loan are received without delay or confusion. During processing, additional items/conditions may be required for Final Approval.
• If the Borrower is a corporation or partnership, Point Center must have financial statements, tax returns and a list of contingent liabilities (outstanding guarantees, federal/state taxes due, and/or any material lawsuits) along with corporate paper(s) or partnership agreement(s).

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