what is the 1003

The 1003 is the mortgage application itself.

which reminds me of the first time i heard about a "1008." i had no idea what the person was referring to. i grew up in this business using terms like "loan application" and "transmittal" and it came as a shock to me that i suddenly had to begin using numbers to identify documents. then, later on, a truth in lending disclosure became a "til" and i was in a new kind of shock.

i suppose this is, after all, quite a shocking business to be in.

1003 = Uniform Residential Loan Application

can anyone explain 1003????????/

what is this application for?

exactly where this application is used?

guest number 1:
guest number 2:
sunil:

please take note of the answer that eric provided to the original question.

an application is used to apply for something; in this case, it's to apply for a loan that a person wishes to obtain.

i hope that's clear.

Thanks

George,

I hope we are not speaking to the future leaders of this country.

beware the audience - sometimes it bites back