Applicant Details
Full legal name, SSN/TIN, date of birth, contact details, and government ID identifiers for identity proofing and credit pulls.
A complete, accurate application reduces processing time, limits follow-up requests, and helps ensure compliant underwriting and disclosures under federal and state law, including ESIGN/UETA requirements when e-signed.
Clear role separation and field ownership in the form improve auditability and reduce errors during review and closing.
Full legal name, SSN/TIN, date of birth, contact details, and government ID identifiers for identity proofing and credit pulls.
Requested amount, loan purpose, desired term, interest type, and amortization schedule to align underwriting criteria.
Employment, income sources, bank accounts, and asset values used to calculate debt-to-income and repayment capacity.
Current debts, obligations, alimony/child support declarations, and contingent liabilities that affect creditworthiness.
Property address, valuation, lien information, and insurance details for secured lending.
Consent for credit checks, data sharing, adverse-action notice language, and consumer disclosure acknowledgements.
| Field | Configuration |
|---|---|
| Authentication | Email + optional SMS code for higher-risk loans |
| Signing Order | Sequential for lead borrower then co-borrower |
| Attachments | Require PDF or image uploads; size limits enforced |
| Audit Trail | Enable full event log and certificate of completion |
Select a vendor that offers secure storage, robust audit logs, and the integrations needed to automate data flow into underwriting systems.
Provide notice within 30 days of decision for credit-based denials
Three business days cooling-off for certain consumer refinance transactions
Keep application records per regulatory minimums (see retention timeline)
Authorization must be current at time of pull and in writing or electronic consent
Recent pay stubs or tax returns typically required within 30–60 days
Application and attachments are logged into the system for processing.
Identity, income, and asset checks are validated by processor or vendor services.
Underwriter issues approval, counteroffer, or denial and documents rationale.
All conditions cleared, signatures collected, and funds disbursed.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies | Varies | Varies | Varies |
| Bulk Send | Yes | Yes | Yes | Yes | Yes |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |