An overview of the loan process

Thank you for submitting your loan application with us. At CML Lending, LLC we're committed to providing you with the highest level of service and satisfaction. As part of our ongoing efforts, you'll be receiving daily status reports from us showing the progress and current status of your loan.

You can also return to our web site at any time to view status. Just select the 'Customer Login' link from our menu and enter the userID and password you created when starting your application.

Please review the following items that we need immediately in order to complete the transaction in a timely manner. We want to meet your closing date!

1. Contract fully executed

2. Scope of Work;
Please have your General Contractor or Sub Contractors submit their bids to you so you can fax them to us.

3. Insurance Binder:
Mortgagee Clause is: Equable Investment Corporation, ISAOA 14750 Pecos St., Westminster, CO 80023.
Dwelling coverage must cover loan amount at a minimum. 
We require a Declarations Page and an Invoice. Your agent should fax this to us immediately.
12 month policy must be paid in full. It is not required to be paid until closing.


Appraisal must be paid at the time of service and you must have scope of work available for the appraiser if you have not already provided one to CML Lending.

Inspection is ordered at time of appraisal order. Payment is also required at the time of service. Please inquire about credit card payment options if interested. 

When final numbers are agreed upon, a Loan Term Sheet is sent to your email outlining the final loan offer. You must sign and return Loan Term sheet to CML Lending before we can send closing documents to title.

There are two additional items required at closing we want to remind you of:
- ACH Form -
CML Lending requires monthly payments be deducted directly from your bank account. This is also how funds are sent to you when a draw request is made.
- Home Warranty - At a typical cost of $320,  CML Lending is instructing all borrowers to consider having set up prior to closing. 

Please call Ted O'Malley if you have any questions.

Thank you for choosing CML Lending, LLC. your source for "Creative Lending Solutions".