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Loan Disch App Unauth Sig1 Qxd Page 1 Aessuccess Form

Loan Disch App Unauth Sig1 Qxd Page 1 Aessuccess Form

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we will now discuss reviewing the loan application also known as form 103 the loan application is the basis for the entire loan package information provided in the loan application will be the comp comparable Factor when reviewing loan documentation and verifications it also serves as a legal document that the borrower must sign attesting to its truthfulness based on his or her final condition in other words the processor double checks every bit of information and verifies it by comparing it to other documentation such as pay stubs W2s appraisals Etc supplied by the client the 103 collects data from borrowers about the loan type they're applying for the purpose of the loan residence history marital status dependence job history income debts assets liabilities and finally government monitoring information in relation to a borrower's ethnicity race and sex there are four ways to take a mortgage application face tace by internet email by mail or fax and finally by telephone recentish upda

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