What does the delivery process involve?

The delivery process specifically refers to the packaging and delivering of the loan to the investor, which is a crucial step in the mortgage banking process. This involves compiling all necessary documentation, including the loan application, credit reports, income verification, and property appraisals, into a complete loan package. This packaged information is then sent to investors who may purchase these loans or mortgage-backed securities. An efficient delivery process is essential for a smooth transaction and allows investors to assess the risk and return profile of the loan being offered.

In contrast, issuing mortgage-backed securities pertains to creating financial instruments backed by mortgage loans, which is a separate process that comes after the delivery of the loans. Reviewing borrower credit history happens during the underwriting stage before the loan is packaged, and conducting appraisals is also part of the initial loan approval process. These actions support the overall mortgage lending process but are not directly related to the delivery of the loan itself.