Application

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Application

1. A formal request. Generally, one must fill out an application form as part of the application process.

2. See: Application Program.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

Application

A request for a loan that includes the information about the potential borrower, the property and the requested loan that the solicited lender needs to make a decision.

In a narrower sense, the application refers to a standardized application form called the “1003” which the borrower is obliged to fill out.

The Mortgage Encyclopedia. Copyright © 2004 by Jack Guttentag. Used with permission of The McGraw-Hill Companies, Inc.
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