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#2256763 - 07/15/21 07:22 PM Signed Loan Applications at Closing
t0dd Offline
100 Club
Joined: Sep 2004
Posts: 216
Most generally our applications are from 95% of our existing customer base in which the application is started over the phone. The customer is not signing the initial application however they are signing an application when the loan closes. Are we ok in doing it this way? Curious as to what other banks handle this.

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Lending Compliance
#2256764 - 07/15/21 07:36 PM Re: Signed Loan Applications at Closing t0dd
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 76,987
Galveston, TX
Having an applicant sign the application is a business decision.
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#2256766 - 07/15/21 07:43 PM Re: Signed Loan Applications at Closing t0dd
t0dd Offline
100 Club
Joined: Sep 2004
Posts: 216
thank you!

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