Mike & Edith Clarken
The Spouses Selling Houses
712-362-4332 | Email Us at clarkenrealty@gmail.com
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
Mike & Edith Clarken
The Spouses Selling Houses
Clarken Realtors
303 Central Avenue
Estherville, IA 51334
712-362-4332
Email Us
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Mike & Edith Clarken | Clarken Realtors | 712-362-4332 | Email Us
303 Central Avenue, Estherville, IA 51334
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