So your loan Officer gives you the "List". These are the items you need to provide that will document your income, assets and any other information critical to the approval process. Think detail here. If your bank statements show you are overdrawn periodically an UW is not going to like that and will ask why. You better have a great excuse because this is seen as your ability to manage money. Never deposit large sums of money without clearing it with your loan officer first. Credit card advances, money from a friend are not good! Don't do it. Always talk to your loan rep about any movement of cash. Even its from one of your own accounts to another. You must document, document, document. One missed transaction by you can stop the closing. Closing ugly is not an option!
More to come!
Alan
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