· Submit application at or over the phone.

· If refinancing, please send mortgage statement.

· Send copies of most recent paystub(s), 2 years of W2s, 2 years of tax returns and most recent 1 month of all checking/saving/money market and retirement account statements.

· We will obtain your credit report.

· Your credit report, application and supporting documentation are reviewed.

· Loan options will be discussed and confirmed

· Application disclosures prepared for you to signatures.

· Closing is scheduled.


Contact for this step:

Kim Pedersen

Mortgage Banker

Ph: (952) 417-8466

Fax: (952) 847-1309




· Any additional documents are requested.

· Appraisal is ordered (if applicable).

· Title work is ordered.

· File is submitted to underwriting.

If all documentation is accepted and approved by our underwriters:

· Final approval is issued.

· Your current employment is verified with your employer.

· Closing documents are sent to the title company.


Contact for this step:

Sandy Gunderson

Processing Partner

Ph: (952) 847-9830

Fax: (952) 847-1313




· You will receive a copy of your HUD Settlement Statement prior to closing.

· If you are bringing money to closing you will need a cashier’s check.

· Proceed to the scheduled location and sign final documents.

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question
By checking the box, you agree that Kim Pedersen - Alerus Mortgage may call/text you about your inquiry, which may involve use of automated means and prerecorded/artificial voices.. Message/data rates may apply.