Skip to content
GeoDataVision
Thread Options
#2088291 - 07/15/16 04:01 PM Online Applications: Received date
ScoutLaRue Offline
Member
Joined: Jul 2016
Posts: 73
I know this has been discussed before on the forum, but I can't find it.

How do you treat online mortgage applications as far as received date? When they are received by our system? When the LO receives the application in their hand/opens it in their inbox on a business day?

If we receive an app late tonight 07/15 a Friday--and it's no one is here to review it until Saturday morning (business day), is it received on a Saturday...or was it received Friday. LE must be sent by 07/19? Or since no one is here to review until Saturday should it be sent by 07/20?

Return to Top
TRID - TILA/RESPA Integrated Disclosures Rule
#2088346 - 07/15/16 06:09 PM Re: Online Applications: Received date ScoutLaRue
Working From Home Offline
Gold Star
Joined: Oct 2009
Posts: 257
We consider applications received after business hours received on the following business day.

Return to Top
#2088389 - 07/15/16 07:37 PM Re: Online Applications: Received date ScoutLaRue
Cheli Offline
Platinum Poster
Cheli
Joined: May 2013
Posts: 919
Same here...Received after 5pm is next business day...

Return to Top
#2088430 - 07/16/16 01:36 PM Re: Online Applications: Received date ScoutLaRue
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,931
Galveston, TX
You should have something on your application website that establishes the business day limitations.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top