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Commonly Asked Questions about Borrower to Lender Documents

Borrowers Social Security Number to obtain a credit report (could also be a Tax EIN) Property Address. Estimate of the Value of the Property. Loan Amount Sought.
Borrower Documents means the Financing Documents and the Mortgage Loan Documents to which the Borrower is a party.
Application means the submission of a borrowers financial information in anticipation of a credit decision relating to a federally related mortgage loan, which shall include the borrowers name, the borrowers monthly income, the borrowers social security number to obtain a credit report, the property address, an
Answer and Explanation: a) During the process of a loan application, the lenders require a set of information from the borrower for them to offer the applied loan. The information needed is; cash flow history and the businesss future projections, credit history, and the type of collateral present for the loan.
When applying for a personal loan, you must provide personal and financial information, including proof of identity, income and address. Lenders generally request information about your credit score, loan purpose and monthly expenses to determine your eligibility and loan terms.
Documents Needed When Applying For a Mortgage Loan A clear copy of your drivers license This is used for general identification purposes. The last two years of your tax returns and your W2 form. The last two pay stubs from your work. Two months worth of bank statements (include all pages, even blank ones).
RESPA requires that a Servicing Disclosure Statement be given at the time an application for a mortgage servicing loan is submitted or within 3 business days.
LOAN AGREEMENT AND PROMISSORY NOTE.