As a lender, you can use this uniform residential loan application checklist to collect information and determine the eligibility of borrowers who apply for a mortgage loan to buy a home.
You need to collect a long list of documents and signatures from borrowers to complete the mortgage process. With more and more information being needed, it is equally important to complete the application process quickly and without missing any documents. This uniform residential checklist will help you seamlessly collect personal information, signatures, documents, and application fee for the loan applications.
Mortgage lenders can use the advanced mortgage application forms to request borrowers to fill and electronically sign RD 3550 and RD 355 forms. You can also easily create alternative forms to collect personal information like marital status, social security number, property address, and income information like gross monthly income, property value, and more using Clustdoc's form builder tool.
Borrowers can submit the following information using the file submit feature of this checklist– credit report and alternative credit, Fannie Mae form, personal identification documents, savings account statements, primary residence proof, employment history, payment history of child support, and more. These documents are stored online to ensure they are safe and can be easily retrieved when needed.
In the payment section of this uniform residential loan application form, you can collect an application fee from borrowers.
It's time to use this uniform residential loan application form to process loan applications using the advanced and redesigned form, electronically sign documents, and collect application or credit report fees on the same platform.