I just received a file with a note to send the AAN to applicant. Application received 3/20 and credit report pulled 3/20. This would have been for an interim construction loan; however the application (nor file) lists a property address or location for the collateral. Under TRID, this would have been an incomplete application as we did not have all six pieces. I can only assume that my team did not get this file before 3/23 to send out an LE because we did not have all six pieces. The officer is denying based on DTI and lack of Income Reserves; credit score was good and not a factor.
Can I send out an AAN for the denial or is this really an incomplete application under Reg B due to the missing property address/location and I need to send the notice for incompleteness? Thank you.