Loan Application - Document Skill

Extract data from IRS Form 1003 (Uniform Residential Loan Application) — borrower, co-borrower, loan terms, and property details — for US mortgage origination.

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

Extracted Fields

Terms of Loan and Property Information

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.

Property Information

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.

Borrower Information

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.

Borrower Employment Information

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.

Co-Borrower Information

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.

Co-Borrower Employment Information

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.