Broker Loan Submission Checklist
Document Requirements at Time of Submission
Include the documentation application to your borrower and loan program. Additional documentation may be requested upon review of the file.
DOCUMENTATION BREAKDOWN
2 years employment history is requiredW2 Wage Earner
- Last 30 days paystubs
- Last 2 years W2s
- Two years of personal tax returns, subject to underwriting findings.
- Two years of business tax returns, if applicable
- Year-to-date profit and loss statement and balance sheet, if required.
- Social Security or disability award letters or VA benefits.
- Pension or retirement income documentation.
- Alimony/child support- divorce decree/court order stating amount with proof of funds and continuance.
- Rental income including leases and tax returns.
- Bonus or commission history, if used to qualify.
- Written verification of employment (WVOE) for shift differential or variable income, including applicable teacher, nurse, etc.
- Earnest money deposit (EMD) check and evidence of clearance, if available.
- Bank name, account number, and available balance entered on the Uniform Residential Loan Application (URLA).
- Gift amount and source entered on the URLA, if applicable.
- Bank statements, if available.
- Retirement account documentation, if applicable.
Additional Documentation
- Purchase Contract.
- Tri-Merge credit report covering all borrowers.
- LP Accept (We Follow Agency Guidelines)