The applicant has identified the property
Dan, I am also in agreement, however the LO states that they didn't actually have a complete contract on the property yet, therefore it wasn't an application. I on the other hand believe that b/c the LO had knowledge of the property address b/c the customer had already signed the contract on that specific day as well as we pulled credit on that specific day...well we have an application with an address. It doesn't matter that the seller hadn't finalized (at this point), to us we have a property address from the customer...therefore an application. Am I correct on my thinking?
it must be written, provide some financial information, and identify a specific property.
Blskms - I'm not 100% sure if I am in total agreement with that statement in whole, or maybe I just don't understand it. I thought the term application means an oral or written request for credit that is made in accordance with procedures established by a creditor for the type of credit requested.
I do appreciate both of ya'lls help! Thanks so much!