Which entity typically oversees the mortgage application process?

The lender plays a crucial role in overseeing the mortgage application process because they are the financial institution or individual that provides the funds for the loan. They evaluate the borrower's financial background, creditworthiness, and property details to determine whether to approve the loan and under what terms. The lender is responsible for processing the application, setting interest rates, and ultimately deciding on the mortgage approval.

In contrast, while the title company ensures that the title to the property is legitimate and that there are no liens or claims against it, they do not manage the mortgage application process. The real estate agent assists in finding properties and negotiating deals, but they do not oversee financial transactions like mortgages. The appraiser’s role is to assess the property's value to ensure it meets the lender's requirements, but they are not involved in the application oversight. Hence, the lender is the entity that is primarily responsible for the mortgage application process.