Mortgage Application Disclosure

1. Purpose of This Disclosure

This Mortgage Application Disclosure provides general information about the OakStone Mortgage digital application process. It is not a loan estimate, commitment letter, or binding offer of credit.

Specific loan terms, fees, and timing will be provided in regulated disclosures when applicable based on your application type, property location, and product selection.

2. Application Process Overview

OakStone Mortgage offers online pre-qualification and full mortgage application workflows. Pre-qualification provides an preliminary assessment based on information you supply and does not guarantee final approval.

After pre-qualification, you may complete a detailed application, upload supporting documents, and track progress through your customer dashboard. Application status may include stages such as submitted, under review, additional documents required, approved, on hold, or declined.

3. Information Verification

You authorize OakStone Mortgage to verify application information through credit reports, employment and income verification, asset documentation, fraud prevention tools, and identity verification services integrated with the Platform.

Failure to provide requested documentation within stated timeframes may result in delay or denial of your application.

4. Credit Inquiries

Submitting a full mortgage application may result in a hard credit inquiry that can affect your credit score. Pre-qualification may involve a soft inquiry where permitted.

Credit eligibility depends on multiple factors, including credit history, debt-to-income ratio, employment stability, and property characteristics.

5. Fees and Costs

Mortgage transactions may involve origination charges, appraisal fees, title services, recording fees, prepaid items, and third-party costs. Applicable fees will be disclosed in loan-specific documents when your application advances.

OakStone Mortgage does not charge Platform access fees for standard online application and dashboard features unless otherwise disclosed at the time of service.

6. Funding Accounts

Some borrowers are required to establish a funding account through the Platform to demonstrate availability of down payment, closing costs, or required reserves. Funding account features may include account creation, deposit submission, verification review, and balance tracking visible in your dashboard.

Deposits may be subject to source-of-funds review and compliance screening. Rejected or unverified deposits will not be credited toward your transaction requirements until resolved.

7. Escrow and Closing

OakStone Mortgage supports escrow-based closing workflows that may include transfer requests, pending approval states, and release of funds to authorized parties in connection with your closing timeline.

Closing is contingent upon satisfaction of underwriting conditions, clear title, acceptable appraisal, receipt of required funds, and execution of closing documents. Estimated closing dates shown in the dashboard are subject to change.

8. Application Communications

You will receive application updates through dashboard notifications, in-platform messaging, and email from OakStone Mortgage departments including system notifications, loan officer communications, underwriting requests, funding updates, and closing coordination messages.

You are responsible for monitoring these channels and responding promptly to document requests and verification steps.

9. Denial, Withdrawal, and Adverse Action

If your application is denied or you receive an adverse action notice, OakStone Mortgage will provide information required by applicable law, including reasons for denial where mandated and instructions for obtaining additional details.

You may withdraw your application at any time before closing by notifying OakStone Mortgage through your dashboard or support channels, subject to any non-refundable third-party costs already incurred.

10. No Loan Commitment

Submission of an application through the OakStone Mortgage Platform does not obligate OakStone Mortgage to extend credit. All loans are subject to final underwriting approval, investor guidelines, regulatory requirements, and executed closing documents.

11. Licensing and Availability

Mortgage products and services may not be available in all states or for all property types. OakStone Mortgage originates loans only where authorized and in compliance with applicable licensing and regulatory requirements.

12. Questions

For questions about this disclosure or your application status, contact OakStone Mortgage using the information at www.oakstonemortgage.com/legal/contact-information or through your dashboard support options.