What 6 Pieces of Information Make A TRID Loan Application?
Making sure that you submit these 6 pieces of information is vital:
Name
Income
Social Security Number
Property Address
Estimated Value of Property
Mortgage Loan Amount sought
This constitutes as a valid loan application under the TRID rule.
You may apply and submit these in writing OR in oral form; a live conversation, or a phone call, backed by a written record of the conversation is a legitimate application.
Once these 6 pieces of information are submitted a creditor MUST supply a Loan Estimate for approved loans within 3 business days. Contact us now to learn more.