Application Flashcards
1
Q
Info needed to pull a credit report
A
SAND
SSN, Address, Name, DOB
2
Q
Needed to complete URLA
A
ALIENS Address of new property Loan amt desired Income Employment Name SSN
3
Q
Co-Borrower
A
both title and loan responsibility
4
Q
Co-signer
A
loan responsibility but no ownership
5
Q
Permissible Purpose
A
Permission to access credit report
6
Q
SAND
A
SSN, Address, Name, DOB
7
Q
URLA
A
Uniform Residential Loan Application
8
Q
Title I
A
Type of Mortgage and Term of Loan
9
Q
Title II
A
Property Information and Purpose of Loan
10
Q
Title III
A
Borrower Information
11
Q
Title IV
A
Employment Information
12
Q
Title V
A
Monthly Income and Combined Housing Expense Information
13
Q
Title VI
A
Assets and Liabilitites
14
Q
Title VII
A
Details of Transaction
15
Q
Title VIII
A
Declarations
16
Q
Title IX
A
Acknowledgement and Agreement
17
Q
Title X
A
Information of Government Monitoring Purpose
18
Q
ALIENS
A
Address, Loan Amount, Income, Estimated Property Value, Name, SSN
