Documentation Index
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The Loan Application skill extracts data from Form 1003 (Uniform Residential Loan Application, URLA) — the standard form completed as part of US mortgage loan applications, capturing personal information about the borrower and co-borrower, loan terms, and property details.
The Loan Application skill is a preview skill. It has been trained on a limited set of documents and is designed to help you quickly get started with processing loan applications. For production use, you may need to uptrain the skill with your own document samples.
Countries and Languages
| Countries | Languages |
|---|
| USA | English |
Type of Mortgage
| Field | Description |
|---|
| Mortgage Applied for | Mortgage type. |
| Agency Case Number | Mortgage identifier in MISMO format. |
| Lender Case Number | The lender’s internal system mortgage identifier. |
Terms of Loan
| Field | Description |
|---|
| Amount | The total amount of the loan. |
| Interest Rate | The interest rate. |
| Number of Months | The term of the loan (in months). |
| Amortization Type | The loan payment type. |
| Field | Description |
|---|
| Subject Property Address | The address of the financed property. |
| Number of Units | The number of property units being financed (e.g., number of apartments). |
| Legal Description of Subject Property | A legal description of the financed property (e.g., number of rooms, property size, the year the property was built in, etc.). |
Additional Terms
| Field | Description |
|---|
| Purpose of Loan | The purpose of the loan (purchase, construction, refinance, etc.). |
| Property Will Be | The purpose of the financed property. |
| Field | Description |
|---|
| Borrower’s Name | The borrower’s name. |
| SSN | The borrower’s Social Security Number. |
| Home Phone | The borrower’s home phone number. |
| Date of Birth | The borrower’s date of birth. |
| Field | Description |
|---|
| Name of Employer | The name of the borrower’s employing organization. |
| Address of Employer | The address of the borrower’s employing organization. |
| Position | The borrower’s job position. |
| Years in Job | How long the borrower has worked for the organization. |
| Dates | The borrower’s employment start and end dates. |
| Self Employed | Specifies whether the borrower is self-employed. |
| Field | Description |
|---|
| Co-Borrower’s Name | The co-borrower’s name. |
| SSN | The co-borrower’s Social Security Number. |
| Home Phone | The co-borrower’s home phone number. |
| Date of Birth | The co-borrower’s date of birth. |
| Field | Description |
|---|
| Name of Employer | The name of the co-borrower’s employing organization. |
| Address of Employer | The address of the co-borrower’s employing organization. |
| Position | The co-borrower’s job position. |
| Years in Job | How long the co-borrower has worked for the organization. |
| Dates | The co-borrower’s employment start and end dates. |
| Self Employed | Specifies whether the co-borrower is self-employed. |
Income and Expenses
Monthly Income and Housing Expense
| Field | Description |
|---|
| Gross Monthly Income (Borrower) | The borrower’s monthly income before taxes. |
| Gross Monthly Income (Co-Borrower) | The co-borrower’s monthly income before taxes. |
| Gross Monthly Income Total | The combined monthly income of the borrowers. |
| Combined Monthly Housing Expense Total (Present) | The current combined monthly housing expenses of the borrowers. |
| Combined Monthly Housing Expense Total (Proposed) | The proposed combined monthly housing expenses of the borrowers. |
Assets and Liabilities
| Field | Description |
|---|
| Total Assets | The total combined assets of the borrowers (monetary value). |
| Total Liabilities | The total combined liabilities of the borrowers (monetary value). |
| Net Worth | The total combined net worth of the borrowers (Total Assets − Total Liabilities). |
Details of Transaction
| Field | Description |
|---|
| Box a - Purchase Price | The purchase price of the financed property. |
| Box i - Total Costs | The total cost of the financed property, including all additional charges (e.g., insurance fees). |
| Box o - Loan Amount | The total amount loaned out. |
| Loan Origination Company’s Name | The name of the lending organization. |
Key Fields
- Lender Case Number
- Amount
- Borrower’s Name
- Borrower Information/SSN
Validation Rules
| Rule | Description |
|---|
| Check Checkmark Borrower | Sets the Borrower Employment Information/Self Employed field to false if marked as “N” on the form. |
| Check Checkmark CoBorrower | Sets the Co-Borrower Employment Information/Self Employed field to false if marked as “N” on the form. |
