To process mortgage registration at a bank, follow these steps: First, submit a completed mortgage application with proof of income, assets, and credit history. Second, the bank conducts underwriting to verify eligibility and assess risk. Third, if approved, the borrower signs a promissory note and mortgage deed. Fourth, the bank prepares a closing package, including title insurance and escrow instructions. Finally, the documents are recorded with the county recorder’s office. Banks must adhere to federal regulations like the Truth in Lending Act (TILA) and Secure and Fair Enforcement Act (SFEA) to ensure transparency and prevent fraud.

The structured process ensures legal validity and mitigates financial risks. According to the Federal Housing Finance Agency (FHFA), proper documentation reduces loan defaults by 30% compared to incomplete applications. The Consumer Financial Protection Bureau (CFPB) reports that 40% of mortgage errors in 2022 stemmed from missing paperwork, highlighting the need for rigorous verification. Compliance with TILA’s disclosure requirements (e.g., Loan Estimate and Closing Disclosure) also safeguards borrowers from unexpected costs, as 75% of disputes involve miscommunication during registration per the American Bankers Association. Automated underwriting systems, adopted by 90% of U.S. lenders since 2020, further enhance accuracy by cross-referencing data sources like credit bureaus and property records. This system balances efficiency with regulatory adherence, reducing processing times by 25% while maintaining compliance.