Thread Options
#2214103 - 05/21/19 06:36 PM Documenting application
ADN Offline
100 Club
Joined: Mar 2007
Posts: 205
How do most banks document the addition of property information (or any other item) to an application? Any information or procedures on how your files are documented would be appreciated!

Return to Top
TRID - TILA/RESPA Integrated Disclosures Rule
#2214160 - 05/22/19 12:55 PM Re: Documenting application ADN
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,227
Galveston, TX
A lender note to the file or a copy of the correspondence from the customer informing you of the address is all that is necessary. Make sure whatever you use is receipt dated to support the LE delivery timing.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2214554 - 05/29/19 08:00 PM Re: Documenting application ADN
Mountaineers_Fan Offline
Member
Joined: Jun 2018
Posts: 94
We first do our prequal or preapproval app as a TBD address. Then when the contract is brought in/property identified we fill in the address and other pertinent information. The lender then writes on this application "File Going Live XX/XX/XXXX"

Return to Top