In order to finance a mortgage loan the lender is going to require verification documents for employment and income. This documentation may consist of tax returns, recent pay stubs, bank statements, verifications of employment, deposit and rent or mortgage, appraisal, purchase agreement, divorce decrees, bankruptcy papers and any other in formation the lender thinks is necessary.
You will need to provide a completed mortgage loan application and the requested documentation. The mortgage loan officer is the intermediary between you, the borrower and the underwriter. The underwriter goes through the documentation in detail to make sure everything meets the requirements. You are not allowed to speak to the underwriter, that is the mortgage loan officer’s job.
After this there is a wait. The mortgage company underwriter will either approve the loan as is or will ask for a list of items that need clarification or additional documentation. Expect to be asked fot the additional information.
