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Submitting loans to Provident Funding.  Once loans have been submitted - borrowers will receive Initial Loan Disclosures to be e-signed through MyLoanZone (see below). To gain access - Loan Number, Primary Borrower's Last Name and Subject Property Zip Code are required. 

Provident Funding will issue its Intent-To-Proceed (ITP), Loan Estimate (LE) and Closing Disclosure as we progress with loan closing.  Provident will assign priority to underwrite locked loans over floating loans.  Locked loans will receive quicker Conditional Approval.  Please be advised that Provident only offers a minimum of 21 days lock extension.  Once locked, things must move along on time to close within the locked timeframe without any delay.  

You may see a line item for transfer taxes on your Loan Estimate. Although this cost appears on the estimate, it is paid by the seller and will not be charged to you. Below is a brief explanation of what transfer taxes are and why they appear. Here's more information on Transfer Taxes.

Borrower instructions. Please complete ALL of your e-signing on time. Any outstanding disclosures that you have not e-signed yet could potentially delay your closing time.

Provident Funding has emailed each of you (if multiple borrowers) an invitation to complete your Initial Loan Disclosures electronically. Please follow the steps below to review and e-sign your documents.

E-Signing Instructions

1. Visit the Secure Portal

Go to https://www.MyLoanZone.com and register or log in.

This portal is used to:

• Review and e-sign disclosures
• Track your loan status

Please disregard the “Upload Documents” section and DO NOT upload any documents.
Pacific Coast Financial will upload all required underwriting documents on your behalf.

2. Sign In Using the Following Information

• Loan Number: enter your loan number here
• Last Name: enter your last name here (if multiple borrowers - use primary borrower's last name)
• Property ZIP Code: enter your property ZIP code here
  
  

3. Review and Sign

Once logged in, select “Review and Sign” from the left-hand menu and follow the prompts to complete e-signing.                

Important Notes

• Each borrower (if multiple borrowers) must register using a unique email address.
• After registering, you will complete multi-factor identity verification and consent to receive disclosures electronically.
• Do not upload documents such as paystubs or bank statements—Pacific Coast Financial will handle this for you.
• At one point, you may be asked to provide the name and phone number of someone who can verify your employment.
  

  • Please list your manager or HR/personnel contact.

• After all disclosures are completed by every borrower, your file will move to underwriting review.

Please let me know once your disclosures have been signed, or if you have any questions along the way. I’m happy to assist.

1. Intent-To-Proceed (ITP) must be acknowledged and must be e-signed by each borrower. Please see short video presentation here - fast forward to about 1:28 mins in on the video  on how to complete e-signing  ITP.   Appraisal cannot be ordered until you have completed this step. 
2. Closing Disclosure (CD)  must be acknowledged and must be e-signed by the borrower. Please see short video presentation here - fast forward to about 2:14 mins in on the video  on how to complete e-signing  CD. 

Provident Funding will issue a Conditional Approval Letter with required items remain outstanding for final loan approval. Once all outstanding conditions have been received and approved, the underwriter will issue a “Final Credit Approval Letter” and collaboration with escrow will start for closing. 

Once the final CD has been approved - Provident Funding will release the final loan documents to be e-signed and wet-signed. Borrowers must e-sign their portion through My Lone Zone (not all loan documents can be e-signed)  and the rest of the final documents can be wet-signed with escrow at scheduled closing date.  Provident Funding uses proprietary hybrid e-closing solution allows borrowers to e-sign the majority of the closing documents with My Loan Zone prior to the signing day, leaving only date sensitive documents for wet signing on signing day. This reduces the closing time down to 15 minutes and ensures a smooth experience for the borrower, realtor, closing agent, broker, and closer.  

The following reasons would prevent the borrower(s) from being eligible for e-closing:

1. The borrower(s) does not verify their identity and acknowledge their initial disclosures through My Loan Zone within 50 calendar days from when the Loan Estimate is sent out.
2. There isn’t sufficient credit data available to generate questions for the borrower to verify their identity during the opt-in process or if the borrower opts-out of electronic disclosure delivery.
3. A Power of Attorney is being used by one of the borrowers on the transaction.

Your final loan documents have been released, and the signing process consists of two parts:

Part 1 – E-Sign Documents (MyLoanZone)
This first set of loan documents includes non–date-sensitive documents and can be e-signed independently from escrow through MyLoanZone.

• These documents are currently available and awaiting your e-signature. This is the same process as when you e-signed the Initial Loan Disclosures from Provident Funding. 
• Please complete this Part 1 -  e-signing as soon as possible.

Part 2 – Final Signing with Escrow (Wet Signatures)

The second set of loan documents requires wet signatures and will be completed with escrow.

• You are tentatively scheduled to sign with escrow on XX/XX/XX, with closing/funding scheduled for XX/XX/XX. The signing will be completed with a mobile notary at a location of your choice. Escrow will confirm the final details shortly.
• We need to keep this signing date to meet our timeline for closing before year-end.

Please note that Part 1 must be completed before Part 2. Escrow will not be able to complete the final signing unless both steps are completed in the order outlined above. Once the signing is complete, escrow will provide you with copies of the fully executed documents for your records.

I will email your Settlement Statement from escrow as soon as it is available this afternoon.

Loan Originators - please watch this short video presentation of DOs and DONTs and how to submit loans to Provident Funding.  At your convenience - please watch these other training videos from Provident Funding  here.

Escrow instructions - Escrow must upload signed final loan documents through MyLoanZone portal for funding/closing review.  Please ensure that Closing Agent Certification along with E&O insurance for a travel notary (if one was used) is uploaded as well.  Once submission is successful, escrow will receive a final email request for a CD revision. Please disregard this notification if no further changes are needed.  Provident Funding will order the wire for disbursement to escrow on funding day. 

Since the buyers will be E-signing  the Majority of their Loan documents, only the  40 page document package needs to be wet-signed at the closing table or with a mobile notary. This package is accessible and escrow may access it from MyLoanZone.

The most up-to-date Version of the  CD is Approved and is attached from Provident to Escrow with closing instructions and will need to be printed separately, as it is not included in the wet-sign package. This CD  will need to be Wet Signed at the Closing. 

 During the closing:

• Documents are to be dated by the borrowers. No date stamps or typed dates allowed. 
• Borrower’s signature is to be consistent. 
• No strikeovers, cross outs, white-outs, or corrections allowed to ANY documents. If the borrower does not agree with the names listed on the One and the Same Affidavits, a dispute may be written on the statement; do not cross out the name. 
• If for any reason the Note or Deed of Trust need to be re-executed, the approval for disbursement may be delayed.  
• If an outside notary is to be used, evidence of $500K Errors and Omissions coverage is required and must be provided ahead of time for approval.           

 After signing is completed - upload the documents below to MyLoanZone for review, then email me confirmation once uploaded.

1. Copy of the certified check, canceled check, or wire receipt for funds to close
2. Copy of the deed to with the correct vesting for each borrower. Provident Funding does not allow vesting in divided ownership percentages or tenancy-in-common.
3. Seller signed Closing Disclosure (CD)
4. Buyer signed Closing Disclosure (CD)
5. All 40 pages of the lender document package
6. Legal Description that will be attached to Deed of Trust for recording
7. Shipping label for closing package to: 4 Parkway Center, Suite 100 Pittsburgh, PA 15220