Thursday, September 16, 2021 / by Aaron Marasigan
Can Creditors Collect Information Beyond The 6 Required Pieces?
In addition to the required pieces:
- Social Security Number
- Property Address
- Estimated Property Value
- Mortgage Amount Sought
a creditor may collect whatever additional information they deem necessary.
However, as soon as you have provided the 6 required pieces, the creditor has 3 business days to provide a Loan Estimate for approved loans.