Application (TRID application)
For purposes of triggering required early disclosures, an "application" is treated as received when a creditor has obtained defined core borrower/transaction information sufficient to proceed under the applicable rules. This concept is used to start the clock for providing early disclosures such as the Loan Estimate under TRID.
- Where it applies
- Federal
- When it comes up
- Origination intake
- Property types
- Residential consumer mortgage transactions
In practice
In intake workflows, the operational definition of "application received" is a compliance-critical event timestamp.
Read more in the Knowledge Base
- Application Friction vs. Approval Rate: Balancing Screening RigorLandlords
- Application Completeness OptimizationLandlords
- Application Fees - What NYC Landlords Can Legally ChargeRenters
- Behavioral Risk Signals: Application Behavior Patterns That PredictLandlords
- The NYC Rental Application Packet - What to PrepareRenters
Related terms
Residential Financing
- Accrual Rate
- Adjustable Rate Mortgage (ARM)
- Amortization
- Conforming Loan Limit
- Pay Rate
- PMI Automatic Termination
- PMI Cancellation (Borrower-Requested)
- Private Mortgage Insurance (PMI)
- Secured Overnight Financing Rate (SOFR)
- TILA-RESPA Integrated Disclosures (TRID)
General information, not legal, tax or financial advice.