Can a Lender Request More Information

Can Creditors Collect Information Beyond The 6 Required Pieces?

In addition to the required pieces -

1)  Name

2)  Income

3)  Social Security Number

4)  Property Address

5)  Estimated Property Value

6)  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.