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LOAN
CHECKLIST
 After
we receive your online loan application and credit report, thoroughly
review them and have a telephone conversation with you about your
options, we will need the following information. Please collect
these documents and fax them to our processing center at (801) 771-4026
or (801) 991-3049 so we can complete the entire underwriting
process. If you have questions, please contact us at processing@e-moneysolutions.com
Print this list and
use it as a checklist.
For Salaried/W-2 or Retired
Borrowers:
- Completed
internet Loan Application and required credit report
- Copy of last 2
most recent pay stubs for all borrowers (with YTD totals)
- Copy of last 3
months bank statements
- Copy of last 2
retirement/stock/mutual fund/IRA account statements
- Current mortgage
statement and/or account information
- Last 2 years
W-2's and/or 1099's for all borrowers
- Verification of
any additional income (ie divorce decree, child support payments)
- Copy of the
first page of your Homeowner's insurance policy with agent's name
and telephone number
- A copy of your
deed
- A copy of the
promissory note(s) showing the terms of your current first and
second mortgage(s)
- A crisp, clear
copy of each borrower's driver's license (Hint: enlarging will make
it clearer)
- Last two years
Federal Income Tax Returns (if earnings are > 25% commissions)
- Letter of
Disability or Award Letter (if Disabled or Retired)
- Lease
Agreement(s) for any rental income property (if applicable)
For Self-employed Borrowers:
- Completed
internet Loan Application and required credit report
- Corporate or
Partnership AND Personal tax returns for previous 2
years including all K-1's
- Business and
Personal Bank Statements for past 12 months
- Signed
Year-To-Date Profit or Loss Statement (unaudited)
- Copy of business
license for last 3 years
- Copy of last 2
retirement/stock/mutual fund/IRA account statements
- Current mortgage
statement and/or account information
- Verification of
any additional income (ie divorce decree, child support payments)
- Copy of the
first page of your Homeowner's insurance policy with agent's name
and telephone number
- A copy of your
deed
- A copy of the
promissory note(s) showing the terms of your current first and
second mortgage(s)
- A crisp, clear copy of each borrower's
driver's license (Hint: enlarging will make it clearer)
- Lease
Agreement(s) for any rental income property (if applicable)
Having this information available will
expedite the loan process. Overall, the information is needed in
order to make a decision on your application. We may need
additional information from you as we process the loan. Please make sure
you quickly return the information to us.
If you are unable to locate some of the
listed information, you may still qualify for a loan through e-MoneySolutions…
just ask your loan advisor. Email us at processing@e-moneysolutions.com
for further information.
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