An application occurs when which of the following is provided by the borrower?

An application for a loan is typically initiated when essential personal and financial information is provided by the borrower. This includes the legal name, gross income, and social security number. Each of these components plays a crucial role in assessing the borrower's creditworthiness and ability to repay the loan.

The legal name is critical for identifying the borrower and ensuring that the application matches the individual’s credit records. Gross income provides insight into the borrower’s financial capacity to make payments. Lastly, the social security number is necessary for retrieving the borrower’s credit history, which lenders review to make informed decisions about approvals and interest rates.

The other choices serve important functions in the lending process but are not part of the initial application. A property appraisal evaluates the value of the property being purchased or refinanced, proof of employment confirms the borrower's job status and income, and payment history reflects the borrower’s past behavior with credit obligations. While these are essential in the overall lending evaluation, they are not considered part of the application itself.