Deborah Brooks October 10, 2019
Have These Items Ready When You Apply For a Loan
It used to be that lenders mailed out verifications to employers, banks, mortgage companies, and so on, in order to verify the data supplied by borrowers. Nowadays, the interest is often in speed and getting answers quickly so alternate documentation has become more widely used. Alternate documentation means that underwriting answers can be obtained with information supplied directly from the borrower instead of waiting around for verifications to come back in the mail.
The following is required for most standardized loans as part of alternate documentation processing. Items may differ according to whether your loan is a conforming (Fannie Mae or Freddie Mac), non-conforming (jumbo) loan, government loan, or a portfolio loan.
Verifications are still mailed out, but usually as part of quality control procedures.
These are the things you need to supply to your lender to get quick approval using alternate documentation.
Lifestyle
June 18, 2025
Explore the Charm and Attractions of Arroyo Grande
Real Estate
June 12, 2025
Exploring the Impact of Technological Innovations on the Real Estate Market in San Luis Obispo
Real Estate
May 30, 2025
Navigate Your Home Buying Journey with Confidence in Shell Beach
Real Estate
May 21, 2025
Discover the Essential Steps and Tips for Home Buying in Shell Beach
Real Estate
May 16, 2025
Expert Tips and Strategies for a Successful Home Sale in Morro Bay
Real Estate
May 5, 2025
Discover the Impact of Digital Innovations on Homebuyers in Nipomo, CA
Real Estate
May 2, 2025
Exploring the Latest Styles and Innovations in Nipomo's Home Design Scene
Real Estate
April 16, 2025
Explore Innovative Technologies to Enhance Your Paso Robles Home
Lifestyle
April 8, 2025
Inspiring Home Office Designs to Elevate Your Avila Beach Living
With unparalleled industry knowledge, experience, and local expertise, I am honored to help buyers and sellers on the Central Coast with their Real Estate needs. Whether buying or selling, you have come to the right place. Contact me today.