Bernadette Whisman | 209-833-0614 | bernadette4@mindspring.com | Register Here | Client Login
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 a quick approval using alternate documentation
DON'T MISS A NEW LISTING AGAIN!
Register Now
Already registered? Login
FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free!
*Contact Information is NOT Shared*
Bernadette Whisman
Tracy, CA 95304
CalDRE License # 01013901
209-833-0614
Bernadette4@mindspring.com
©2024, Sacramento Metrolist. All rights reserved.
Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes from Sacramento Metrolist and the Broker Reciprocity Program.sm. Real estate listings held by brokerage firms other than Klemm Real Estate Inc are marked with the BR logo and detailed information about them includes the name of the listing brokers. All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Terms of Usage Agreement
Information last updated on 2024-03-28 17:30:04.