In addition to the required pieces:

  • Name
  • Income
  • Social Security Number
  • Property Address
  • Estimated Property Value
  • Mortgage Amount Sought

a creditor may collect whatever additional information they deem necessary.

However, as soon as you have provided the 6 required pieces, the creditor has 3 business days to provide a Loan Estimate for approved loans.

TitleTap

TitleTap

TitleTap provides turn-key websites and marketing tools like Video, Social Media Management, and Email Marketing for Title Agents and Real Estate Attorneys. Get more great marketing tips like this specifically relevant to Real Estate, Title Insurance, Mortgage Lending, and Law by subscribing or visiting our blog above.
TitleTap

Related Post

How Long Must Creditors Keep Real Estate Loan Records? http://fwd4.wistia.com/medias/y8v8awakm4?embedType=iframe&videoFoam=true&videoWidth=640 Under the TRID rule, creditors must retain Escrow Cancellation and Partial Payment Policy disclosures for two years; Loan Estimate records for three years after loan consummation and Closing Disclosure...
“The Widgets are Coming!” Did you know that Paul Revere’s famous quote, “The British are coming!” was fabricated? That’s right! According to history.com: “Paul Revere never shouted the legendary phrase later attributed to him (“The British are coming!”) as he passed from town to town. The operation was meant to be co...
Can My Settlement Charges Change? http://fwd4.wistia.com/medias/so44v4jwob?embedType=iframe&videoFoam=true&videoWidth=640 Yes, if circumstances change, such as: a natural disaster damages the property or affects closing costs the title insurer providing the estimate goes out of business during underwriting new ...
Don't Go At It Alone. Download The Free PDF!"10 Uncommon Questions to Ask Before Hiring a Web Designer"

All websites are not created equal! Download a free PDF with all of the questions you need answered BEFORE hiring a web designer.

Download Now