Mortgage Loan Application definition

Mortgage Loan Application means the submission by a mortgage loan applicant of financial information and identification of a specific property to secure a mortgage loan.

Mortgage Loan Application means the submission by a loan applicant of financial information and identification of a specific property to secure a loan.

Mortgage Loan Application means the submission by a mortgage loan applicant of financial information and identification of the specific property to secure the mortgage loan for the purpose of obtaining an underwriting decision.

Examples of Mortgage Loan Application in a sentence

• Licensee acknowledges that it may be required to provide certain disclosures to Customers such as when the Licensee denies or unfavorably changes the terms requested in the Mortgage Loan Application or determines that a prospective mortgage loan applicant would not qualify for a loan or for a particular loan amount as a result of a Prequalification Analysis.

• Licensee agrees that any recommendation rendered by the Licensed Application will not constitute an approval or denial of the Mortgage Loan Application by Xxxxxx Xxx or a commitment to purchase the loan by Xxxxxx Mae.

• Licensee acknowledges and understands that it may be required to provide certain disclosures to mortgage loan applicants and/or prospective mortgage loan applicants such as when the Licensee denies or unfavorably changes the terms requested in the Mortgage Loan Application or determines that a prospective mortgage loan applicant would not qualify for a mortgage loan or for a particular mortgage loan amount as a result of a Prequalification Analysis.

• Licensee agrees that any recommendation rendered by the Licensed Application will not constitute an approval or denial of the Mortgage Loan Application by Xxxxxx Mae or a commitment to purchase the loan by Xxxxxx Xxx.

• For purposes of this Section entitled “EarlyCheck,” the term "Validation Identification Number" means the unique identifier assigned by the Licensed Application to a collection of data related to a Mortgage Loan Application which may include underwriting recommendations, data comparisons, data validations, reports and other information.

More Definitions of Mortgage Loan Application

Mortgage Loan Application means, with respect to a Mortgage Loan, the mortgagor's final Mortgage Loan application on Xxxxxx Mae Form 1003, HUD Form 92900, VA Form 26‑1802a or the equivalent.

Mortgage Loan Application means the submission bya loa n applicant of financial information and identification of a specific property to secure a loan.

Mortgage Loan Application means the Uniform Residential Loan Application Form 1003, its equivalent, or other Mortgage Loan or Mortgagor information submission (including, but not limited to, a Mortgage Loan information kit submitted in connection with a prequalification request) and shall also include all additional forms, documents and other information provided by Broker to Lender in accordance with Lender’s established application procedures for Lender to use to determine whether to close and fund a Mortgage Loan.

Mortgage Loan Application means a submission of a borrower’s financial information in anticipation of a credit decision, whether written or computer-generated, relating to a mortgage loan. If the submission does not state or identify a specific property, the submission is an application for a prequalification and not an application for a mortgage loan under this part. The subsequent addition of an identified property to the submission con- verts the submission to an application for a mortgage loan.

Mortgage Loan Application means the submission of a borrower’s financial information in anticipation of a credit decision, which includes the borrower’s name, the borrower’s monthly income, the borrower’s social se- curity number to obtain a credit report, the property address, an estimate of the value of the property, the mortgage loan amount sought, and any other information deemed necessary by the loan originator. An application may be in writing or electronically submitted, including a written record of an oral application.

Mortgage Loan Application or ”Mortgage Loan Applications” means an application for a Mortgage Loan processed by Broker in accordance with the lending requirements of UWM, including but not limited to those contained in the UWM Guide, the terms of this Agreement, all applicable governmental regulations, and the generally accepted practices and procedures within the mortgage industry.

Mortgage Loan Application means a Mortgagor’s application for a Mortgage Loan under the Program.