Loan Process

To meet the needs of the lending community, Imperial Capital Bank has streamlined the Loan Process, minimizing paperwork to accomplish a quick closing. The following is an example of the procedures required for Loan Processing:

1. The Client contacts an Imperial Capital Bank Loan Officer and discusses the real estate transaction.
2. After reviewing the Client's needs, the Loan Officer will suggest a variety of loan programs that may fit the Clients requirements.
3. Based upon the information given to the Loan Officer, the Client may request the Loan Officer to issue a Quote or a Letter of Interest. The Letter of Interest will detail the loan request amount, terms and any specific condition related to the loan.
4. If the Client chooses to proceed, an executed copy of the Letter of Interest and the good faith deposit will be submitted to the Loan Officer.
5. A complete Loan Application Package will be sent to the Client with a checklist detailing any additional information required.
6. Upon receipt of the Loan Application Package, the formal underwriting process begins.
7. The information contained in the Loan Application will be processed, required third-party reports will be ordered, and the Underwriter will complete a final underwriting Approval Memorandum.
8. The Loan Approval Memorandum will be submitted for review and approval by our Credit Committee.
9. Upon approval, Loan Documents are prepared and are ready to be executed by the Client.
10. The loan is funded.
11. Funding typically occurs within 45 to 60 days from the date of receipt of a complete Loan Application Package.