Mortgage Lender Covington Kentucky
Mortgage Lender Covington Kentucky
Prost Mortgage Group is a leading mortgage lender serving the Northern Kentucky region, including the Covington area. As a trusted partner, they are dedicated to guiding home buyers and homeowners through the mortgage process and helping them achieve their homeownership goals.
With a conveniently located office in Cold Spring, KY, just a short drive from Covington, Prost Mortgage Group offers a comprehensive suite of mortgage solutions tailored to the diverse needs of the local community. Whether clients are first-time home seekers or existing homeowners exploring refinancing options, the Prost team provides personalized attention and clear, honest communication throughout the process.
Prost Mortgage Group’s expertise spans a wide range of loan products, including standard home loans and reverse mortgages. Recognizing the complexities of the mortgage landscape, the lender empowers borrowers with a user-friendly mortgage planning platform and an informative blog, equipping them with the knowledge and resources to make informed decisions.
Through positive client reviews and a proven track record of successful home financing transactions, Prost Mortgage Group has established a reputation as a trusted partner in the Covington and Northern Kentucky real estate markets. The team’s commitment to their clients’ financial well-being and homeownership dreams sets them apart as a mortgage lender dedicated to helping the local community achieve their housing aspirations.
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About Prost – Mortgage Lender Covington Kentucky
Introducing Danielle and Ken, a dynamic couple with a shared journey since 2003, currently residing in Melbourne, Kentucky. Their household is enriched by their two wonderful boys. However, beyond their familial bliss, Danielle and Ken are devoted to facilitating the realization of the American dream of home ownership for others.
Since 2005, Danielle has been an invaluable member of our management team, contributing a wealth of expertise. A distinguished alumna of Miami University with a Bachelor’s Degree in Diplomacy and Foreign Affairs, Danielle employs her professionalism to assist borrowers and collaborate with realtors, providing guidance on optimal practices for those seeking home funding. Hailing from Butler County, Ohio, Danielle’s early career involved social work with individuals with disabilities.
In the role of Principal Mortgage Advocate, Ken Prost is the driving force behind our mortgage services. A native of Campbell County, Kentucky, Ken holds a Bachelor’s Degree in International Studies and a minor in Business from NKU, and an MBA from the Thunderbird School of Global Management. With over 25 years of experience in mortgage lending, Ken combines expertise with honesty and diligence, ensuring a seamless experience for prospective buyers and real estate agents involved in listing and selling properties.
Together, Ken and Danielle lead a cohesive team of processors and loan partners, all proud residents of the Greater Cincinnati area. Operating from the Cold Spring office, our team is further supported by the home office of Success Mortgage Partners in Plymouth, Michigan. Rest assured, our entire team is dedicated to turning your homeownership aspirations into a reality with utmost professionalism.
The Loan Process – Mortgage Lender Covington Kentucky
We make every effort to complete your loan promptly while maintaining a high level of communication with you throughout the process. As a result, our typical loan time frame is 30 days or less.
The steps to the loan process are as follows:
APPLICATION
We complete your loan application usually via telephone or online and receive your permission to request your credit report from our credit vendor.
REVIEW
We review your application and request income and asset documentation from you so that we can issue you a pre-approval (for a purchase loan) or structure your refinance. We discuss the best program options with you to fit your homeownership goals.
DOCUMENT DISCLOSURE APPOINTMENT
We will explain the loan proposal to you in person or via secure web link and gather pertinent income and credit documentation regarding the loan that we didn’t already gather for the pre-approval.
VERIFICATION
Our processing staff verifies employment, orders existing mortgage payoffs, and title commitments for the property being financed.
APPRAISAL
A licensed real estate appraiser in your state inspects the property being financed to reconfirm the value being estimated is supported. Not every loan program requires an appraisal so this step is not always needed.
SUBMISSION
We submit the complete loan package to our in house underwriting dept. There, the underwriting department will confirm that all the documentation required to approve the loan has been submitted to them.
FINAL APPROVAL AND LOAN CLOSING
Once the underwriter is satisfied that all the stipulations on the loan are met, they issue a final approval and the loan closing is scheduled. An outside third party agent representing the title company, meets all parties involved in the loan transaction, explains the final loan documents and oversees the signing of all documents.
LOAN FUNDING
The funds are dispersed on the loan transaction. With purchases and properties treated as rentals, funding occurs the day of closing. With primary residence refinances, it occurs on the 4th business day after closing.