The Lender must obtain a completed URLA (Fannie Mae Form 1003/Freddie Mac Form 65) and form HUD-92900-TI from the Borrower in order to begin the origination process.
What is form 1003 used for?
Lenders use the Uniform Residential Loan Application or Form 1003 to evaluate and determine your creditworthiness when applying for a home loan. This form is designed to help lenders make more informed decisions when extending mortgages to borrowers.
Is Urla the same as 1003?
Section 4a: Loan and property This subsection asks questions about your loan and property, including: Loan amount. Loan purpose (purchase or refinance)
What is the 1003 form?
Fannie Mae and Freddie Mac are large companies that guarantee most of the mortgages made in the U.S. Together, they are also known as the government sponsored enterprises (GSEs).
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