The Process
We know that efficiency and timeliness of loan processing are important aspects when choosing a lending partner. The following outline reflects our typical time line, but please make sure you communicate any special scheduling needs you might have with your Gemino representative.
Week 1 Issue proposal and receive executed proposal with deposit. Send prospect due diligence checklist.
Week 2-3 Gemino on-site due diligence (2 to 3 days).
Week 3-4 Due diligence and underwriting reports are finalized.
Week 4-5 Credit approval is received and commitment letter is executed.
Week 5-6 Loan Documents are sent to prospect.
Week 7-8 Loan documents are finalized and loan is funded.