As a lender, you can use this conventional loan application template to collect information on applicants and determine their eligibility.
You can use this advanced application form to seamlessly collect all the relevant documents, as well as personal information from the applicants. The application is made up of several sections, with each section allowing applicants to upload documents related to a specific field.
In the first section, you can collect documents about the applicants’ identification, including their driver’s license, passport, and other state- or federal-issued ID.
The second section will allow applicants to upload documents about their income. Some of the documents include federal tax returns, pay stubs for the last 30 days, last two W-2s, and proof of additional income (second jobs, social security, alimony, etc.)
The third and fourth sections will allow applicants to share information about their accounts and property respectively. In the last section, they can upload additional documents such as property settlement agreement, gift letter, letter of explanation (LOE) for late payments, etc.
Use this conventional loan application template from Clustdoc to streamline the loan application process for applicants.