Definition of "Application"

Tony Pykiet real estate agent
Tony Pykiet, Real Estate Agent Coldwell Banker Gundaker

A request for a loan that includes the information about the potential borrower, the property and the requested loan that the solicited lender needs to make a decision. In a narrower sense, the application refers to a standardized application form called the '1003' which the borrower is obliged to fill out.

 

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