Getting Started With The Ascent Mortgage App
You’ve heard of countless home mortgage apps for mobile devices. Just about every lender has one, and they all work pretty much the same way — except one — the Ascent App from Summit Mortgage Corporation.
The Ascent App is unique, offering functionality, and security backed by the power of a personal loan officer. That’s right, instead of starting with a download, you begin with a person—and that makes all the difference.
Because the Ascent App is unique, Summit Mortgage wants to highlight how it works so you’ll get the most out of it.
Choose your loan officer.
A mortgage isn’t something you click-to-get and have delivered to your door (or in this case deliver you to its door) like late-night food delivery. A new mortgage or loan refinance requires thought, informed choices, and expert guidance. That’s why the first step is connecting with a loan officer at Summit Mortgage. If you haven’t already found a loan officer that fits your needs, check out our roster of experienced loan officers, learn a bit about them, and reach out today.
You can also complete our Quick Start Form and we will pick a loan officer for you to connect with that meets your specific needs. They’ll provide a free consultation and guide you through every step of the loan application process. Once you’ve chosen your personal loan officer, they will send you a link to download the customized Ascent App. This is the moment when our human touch meets digital integration.
Download the Ascent App.
To download the Ascent App, use the link that was sent to you by your personal loan officer. It will automatically lead you to the appropriate version of the Ascent App for your iOS or Android mobile device. The Ascent App isn’t a large file size, so it should download quickly and take up little space on your device. After you download and open the Ascent App, you’ll see your personal loan officer’s photograph, name, title and contact information right away. This is your confirmation that things are all set to go.
Apply for a new loan or apply to refinance a loan.
If you are ready to jump in and begin a new home or loan refinance application, touch the link that says “Apply Now” in the top menu. When you do, you will be prompted with three choices, “Purchase,” “Cash-Out Refinance,” or “No Cash-Out Refinance.” Just choose the option you want and begin your application. From this point, it’s a straightforward step-by-step process of answering questions and providing information regarding your transaction, including your personal information (such as birthdate and social security number), your income and employment details and your asset accounts.
Here’s the great part, as you complete each question of the application, the answer is saved and you are prompted with the next question based on the answers you provide. The application is intuitive and will only prompt you with questions relevant to your transaction. If you happen to get pulled away in the middle of the application, no worries, you have the ability to return back to the application and finish without having to start over!
Link your accounts to streamline the process
Among the handy features of the Ascent App is the ability to securely link your bank account details to the application. Most transactions will require you to provide the two most recent months full bank statements, including all pages; if you choose to link your accounts during the application process this is one less manual step you have to do at a later time. Instead of trying to find and deliver statements over a requested period of time, the Ascent App will pull the information as needed directly from your bank records. If this makes you nervous, fear not, this information is private, secure, and safe. Your loan officer will only be able to see the required information for the application, nothing more.
Scan documents safely
In the bottom menu of the Ascent App, you will see a “Scanner” option. You will use this to upload your documents to the Ascent App. When applying for a new home loan or refinancing a loan, you’ll need to share sensitive financial documents, which could make you feel uneasy but be assured that with the Ascent App there no shortcuts in assuring your information is protected, as your security is top of mind. The scanner feature is a special, highly secure tool that uses your camera to capture an image of the document then applies encryption to protect for safe submission. When you open the scanner tool, it guides you through what you need to do to create the best scans possible so they are acceptable for the loan application. The process is easy. The tool even saves your scans so you can capture all of your documents at one time, and then sends them out as needed.
*As a general rule, you should never send unprotected attachments of sensitive data in an email. Using the scanner tool, you can be sure proper precautions are in place to protect your data.
Almost finished
The Ascent App is upfront about the process, steps are clearly spelled out and you will be able to utilize the app throughout your transaction to communicate with and provide documents to your loan officer. When you complete the application through the app, you’ll be about 80% done with this step of the process. After submittal, there will be a follow up with your loan officer to confirm key details, explore various program options, and complete any steps that may be remaining. Each transaction and borrower is unique so there isn’t a one-size-fits all application process but our Ascent App allows us to provide an intuitive and streamlined process without losing our personal connection to you.
The Ascent App is a tool in your arsenal on your home buying journey, when coupled with the comfort of working throughout the process with the personal loan officer that you have hand-selected you should feel much more at ease when you begin looking at houses.
A calculator that guides your journey
One of the fan favorites in the Ascent App is the “Calculator” in the bottom menu. You can use the calculator to estimate monthly payments and costs associated with buying a new home or refinancing your current home loan. There are many calculators out there but we believe ours is much more comprehensive than most, it demonstrates what you may be able to afford with different loan types, estimates the impact of private mortgage insurance on your monthly payments, easily shows the impact that increasing or decreasing your purchase price or loan amount has on your monthly payment and much more plus it save all of your various calculations for later reference and comparison.
This calculator shouldn’t take the place of healthy and robust conversations with your loan officer regarding payments, purchase price, loan amount, loan type, etc. but it is meant to be a supplement at your finger tips.
Learning is only a click away
Your personal loan officer is always a simple touch of the contact button away. They are happy to answer your questions (yes, there will be lots of questions) and address any concerns. But sometimes, customers might not know what to ask. That’s where the “Learn” option in the bottom menu comes into play. In this section you’ll find a selection of articles, news items, and glossary terms. Reviewing these will go a long way in creating confidence and a better understanding of the home buying and/or loan refinance process. Even if you’ve taken out a home loan or refinance loan before, reviewing this material can be invaluable. Still curious? Never hesitate to connect with your loan officer directly. They’re here to help you along the journey.
The mortgage experience that guides you home
The Summit Mortgage and Ascent App combination aren’t like any other you will find, which is exactly why it’s the right for you. We are here to help guide you home. Now, let’s go find your loan officer and get your journey started.
