The Heavy Document
Every downstream event in a mortgage — the rate lock, the appraisal order, the formal offer, the closing table — consumes this one file. When it arrives incomplete, each gap becomes a week: the missing liability, the unexplained deposit, the income source the underwriter can’t verify. This form’s entire purpose is a file that goes through underwriting once.
It is the document for the committed stage: buyer chosen, property chosen or nearly, numbers real. Earlier stages — estimates, document-gathering — belong to their own instruments; this one collects the truth in full.
Structured the Way Underwriters Read
| Section | What it holds | Why the structure matters |
|---|---|---|
| Borrower & co-borrower | Legal identity, contact, residency for each applicant | Matching identity to credit files starts here |
| Income, by source | Employment, self-employment, rental, benefits — each declared separately with its own amount | Underwriters weight sources differently; one blended figure hides everything |
| Assets | Accounts, savings, the funds for the deposit, and where large deposits came from | The gift-versus-savings question is asked here, not at the closing table |
| Liabilities | Every existing facility: balance, monthly payment, lender | The full commitment picture, itemized — not a single ‘total debts’ guess |
| The property | Full address, price or valuation, loan amount, occupancy intent | The numbers that fix the loan-to-value before an appraisal is ordered |
| Declarations | The standard battery: yes/no on judgments, defaults, prior ownership, other interests | Answered once, properly, instead of re-litigated at closing |
| Credit authorization | Formal permission to order the credit report | The gate every lender needs before anything else moves |
The Co-Borrower Reality
Joint applications are the norm, not the exception, and the form treats the second applicant as a first-class citizen: a mirrored block repeating identity, income-by-source, and liabilities, linked to the same file. Both applicants’ authorizations are captured in the same pass — because a missing co-borrower signature is the classic week-long stall.
Built for the Multi-Sitting Truth
Honest mortgage applications get completed across evenings — the liability figures require walking to the filing drawer. Partial submissions hold the work between sittings so nothing gets retyped. (Plan feature; the pricing page has details.) Completed files pass into the origination system via webhooks, and access stays with the processing team through role permissions.
Frequently Asked Questions
Does one form cover both purchase and refinance?
Yes — the property section branches: purchases capture price and deposit; refinances capture the existing loan being replaced and the cash-out amount, if any.
What exactly is the declarations section?
The standard set of yes/no disclosures most lending regimes require — outstanding judgments, past defaults or bankruptcies, ownership of other property, interests in the transaction. Honest answers here prevent the discovered-disclosure crisis later; the form says so directly.
Why declare income source by source instead of one annual total?
Because underwriting treats a salary, a rental stream, and freelance income as different substances with different verification rules. The structure forces the distinction the underwriter would otherwise have to untangle.
How long does the credit authorization last?
It covers the credit checks for processing this application — its scope and duration follow the lender’s disclosure text, which sits in the authorization itself where the applicant can read it before agreeing.