Loan Checklist
4.7/5 with 130 votes
Table of Contents
Save the full checklist and customize it later.
0 of 28 completed
- The Loan Arranger
- Is a mortgage broker arranging this loan?
- Is there a plan to sell this loan to anyone?
- Will the payments be made to a business you represent or to one or more individuals?
- Are any administrative or court proceedings pending against you or the company you represent?
- Payments
- Is there a charge fee for arranging this loan?
- Is there a 'loan origination' fee?
- Is there a charge fee for preparing documents or underwriting?
- Is there an extra charge for credit reports?
- Is there a broker's fee?
- Terms of the Loan
- Is there a land contract, a lease, or a deed to be signed?
- Is there a requirment to get a co-signer to get this loan?
- Is there an interest rate of more than 3 points above the prime rate on this loan?
- Is there a 'line of credit' or similar unsecured loan?
- Is there a balloon payment at the end of this loan?
- Will the amount of monthly payment be enough to make the outstanding balance go down each month?
- Is there a penalty if for paying off the loan early?
- Is there a mandatory arbitration clause in this loan?
- Will this loan turn some of unsecured debt into secured debt?
- Tips
- Check if you are required to sign and give another person a power of attorney.
- Check if any of creditors be will be paid from the proceeds of the loan.
- Check if income other than disclosed will be considered for eligibility purposes.
- Do not sign any forms on which the blanks have not all been filled in.
- Do not sign any forms that haven't been explained.
- Do not sign any forms that you haven't got the chance to read.
Download or Print this Loan Checklist
Get a printable version of this checklist in your preferred format: PDF, Word, Excel, or print directly from your browser.
Who it's for
This Loan Checklist is for teams that want consistent execution, less rework, and clear ownership.
- Standardize quality - run the same Loan steps every time, regardless of who executes
- Save time - reuse a proven Loan workflow instead of rebuilding processes from scratch
- Improve accountability - assign owners and see what's done vs. what's pending
- Onboard faster - use the Loan checklist as the SOP and training guide
- Coordinate across roles - handoffs are clear and everyone works from the same source of truth
How to use it
How to use this Loan Checklist:
- Start by saving it - save as a Template if you'll reuse it, or as a Checklist if it's a one-off project.
- Customize it once for your workflow - remove what doesn't apply and add your team-specific steps.
- Assign ownership and execute - set owners/due dates where needed and track completion as work happens.
- Reuse without rebuilding - when Loan comes up again, start from your saved version and run it with clear ownership.
Rate this Checklist
5 stars
Scores 4.70 with 130 votes