Application
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Related to applacation: job application, application form
Application
1. A formal request. Generally, one must fill out an application form as part of the application process.
2. See: Application Program.
2. See: Application Program.
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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.