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#1843801 - 08/19/13 08:49 PM Application date
gunches Offline
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Joined: Dec 2005
Posts: 210
I am totally drawing a blank today - We received an application on June 5th for a pre-qualification on a mortgage loan. Applicant furnished purchase agreementincluding property address, dated July 29th. What date do I use as application received date?

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Lending Compliance
#1843858 - 08/19/13 10:00 PM Re: Application date gunches
MyScamper Offline
Gold Star
Joined: May 2006
Posts: 452
Between here and there
You did not have a loan application until you had an address, which appears to be 7/29. Do you have a pre-qualification program as described in HMDA?

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#1843906 - 08/20/13 12:58 PM Re: Application date gunches
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
Do you have a pre-qualification approval program as described in HMDA?

If you do then your application date is June 5th for HMDA reporting purposes. July 29th for early disclosure purposes.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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#1844154 - 08/20/13 05:38 PM Re: Application date Dan Persfull
gunches Offline
100 Club
Joined: Dec 2005
Posts: 210
No we don't. So we would use July 29th for HMDA reporting, correct?

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#1844181 - 08/20/13 06:10 PM Re: Application date gunches
Truffle Royale Offline

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Joined: Jul 2003
Posts: 17,398
July 29th is your application date for RESPA and HMDA.

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