Seattle Bank Application Walk Through

 There are 4 parts to the Seattle Bank application process:

1. Disclosures and Consents
   
2. Property & Personal Information
   
3. Identity Verification
   
4. Additional Parties

Part 1: Disclosures and Consents

1. Electronically agree to the ESIGN Consumer Disclosure and Consent
   
2. Review the Initial Disclosure Documents and consent to review credit and verify identity
   

Part 2: Property and Personal Information

1. Check box if this is your "Primary" or "Secondary" residence
   
2. Enter your "Estimated Listing Price" and "Estimated Listing Date"
   

Click "Continue" 

1. Enter your source of income, the monthly income amount and your Employer name
   
2. Enter your social security number, date of birth, and review and consent to the Right to Receive Copy of Appraisal Disclosure
   

Click "Continue"

Part 3: Identity Verification

1. You will be prompted to enter your phone number for a text message verification code. Enter the verification code and click "Verify"
   
2. You may or may not have to answer further identity verification questions.
   

After identity verification, you will be prompted to Submit Application. Go ahead and click "Submit Application" and you can add co-borrowers at the next step.

Part 4: Additional Parties

1. Select "Add Co-Borrower" if you wish to invite another person to apply as a co-borrower.
   
2. Enter their name, email address and phone number. Consent to applying jointly.
   

Click "Add Co-borrower." The person will get an email prompting them to apply and will have to proceed through the same application process.

That's it! When your co-borrower completes their portion of the application, you will get a loan decision. 

Your loan may be approved, not approved, or it may need additional review. 

Requesting the Loan Amount

When your loan is approved, you can see how much you were approved to borrow and select the amount you would like to borrow (up to the approved amount) on the Pay Later Funding tab in the platform. 

Enter the total amount you would like to borrow and click "Submit"

Loan documents will be generated and emailed to you. Loan documents are signed completely digitally. These documents come from Notarize and Proof.com. 

After all loan documents are signed, you will enter a mandatory 3-day right of rescission period. This waiting period is mandatory for all consumer loan products.

Once the right of rescission period has passed, your funds will be available for paying service providers in the platform!

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