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LOAN STATUS UPDATE ( LSU )

LOAN STATUS UPDATE ( LSU ) 2026

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The document is a Loan Status Update (LSU) form used by Hegreness Residential Group, approved by the Arizona Association of REALTORS®. It outlines the steps and confirmations required in the loan process, including contract receipt, appraisal status, underwriting approval, and closing documentation. The form serves to keep all parties informed about the current status of the loan.

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Click ‘Get Form’ to open the LOAN STATUS UPDATE ( LSU ) in the editor.
Begin by entering the contract date, buyer, seller, and premises address in the designated fields. Ensure all information is accurate for a smooth process.
In the DOCUMENTATION section, check 'YES' or 'NO' for each item listed. This includes confirming if the lender has received the contract and reviewed the title commitment.
Continue through the UNDERWRITING AND APPROVAL section, marking each condition as applicable. Be sure to provide dates and lender initials where required.
Finally, complete the CLOSING section by indicating whether closing loan documents have been ordered and sent to the escrow company. Fill in any additional required signatures and dates.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What does approved loan status mean?

A final (or unconditional) approval means your loan application has moved through the underwriting process and is cleared to close. By this point, your financial information, income and credit have been verified.

What are the different loan statuses?

Since 1998, China has been experimenting with the method of five classifications of loans in state-owned commercial banks where loans are classified into five tiers: performing, watch list, substandard, doubtful, and loss (the five-tier loan classification) based on the risk level and the borrowers repayment ability,

How do I check my loan status?

The easiest way to check the status of your personal loan is by calling the banks customer service through the toll-free number offered at your bank branch, or you can visit the local banking branch. When you call, always have your loan application number and other details in hand.

What loan statuses are there?

The loan status indicates where your loan is in the process. Some statuses include in-school, grace, repayment, and forbearance.

What is a loan status update?

What is an LSU Form Why Does It Matter? (00:45) 🏡 When youre buying or selling a home, the LSU is a critical document that updates the seller on how far along the buyers loan process is. 👉 Why sellers care: Sellers are waiting on the buyers loan to be finalized before they can close.

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