Aproval:
Once a complete package is received, the bank will analyze and pre-approve the loan and will give certain conditions which shall be met if the loan is to fund.

Conditions:
These conditions should be met before the loan is completely approved.

Documents:
Once the conditions are met, the bank will release the documents (the loan contract) describing all of the details of the transaction. These documents if approved will be signed by the borrower and send back to the bank for funding.

Funding:
Once the bank receives back the signed documents, the bank will make sure everything was done in order and then will release the loan amount requested to the escrow company.

Recording:
Escrow will then distrubute the money to the different parties involved in the transaction and will make sure the transaction gets recorded in the county records.