Monday, March 21, 2016

It Helps to Think of it as a Scavenger Hunt

We received our third? fourth? email from Homeside requesting....you guessed it! More documents!
We're also on our fourth NV mortgage contact. In case you're keeping track...
1. Jonathan - initial NV mortgage meeting 
2. Sam - NV(?) loan officer
3. Bridgid - Homeside - Sam's assistant
4. Debby - Homeside - loan processor

I *think* Sam, Bridgid, and Debby do actually all work on the same team, as there seems to be interaction between them. 
I also received an automated notice this morning (3.21) that our loan has officially moved from "Processing" to "Underwriting".  Yay for progress.

Here's the scavenger hunt list of requested documents from the 3.18 email: 

1.       Copy of CD signed by seller and by you for the sale of your current home (when available).

2.       Within 30 days of closing we will need updated income and asset documents.

3.       Name and phone number for the insurance agent you will be using for the subject property (when you have finalized a policy).

4.       Copy of 2015 tax returns after 04/15/16.

5.       Signed, dated letter from Hubs stating you have 100% access to the funds in the joint bank account(s).

6.       Copy of January to February and February to March statements for your Bank account.

7.       Will need statements from present each month thru closing to verify the funds as you save them (as available).

8.       Copy of bonus check being used for close and proof it has been deposited to your bank account and that it is in available funds and not pending (when available).

9.       Copy of 401k statement showing the loan withdraw that is being used for close, copy of the check, updated statement showing balance after the withdraw and proof that it has been deposited to your bank account and is available and not pending (when available).

10.   Age of your dependent noted on the application and on tax returns (this is needed to add the correct age of the dependent to the loan application).


This is intense. I completely understand why they need all of this, but it's like a part-time job to chase all of this stuff down. I wish there was just a standard list at the beginning and we could work on it all up front. It's frustrating to think we're finished for a while, and then find out the hunt continues. 



1 comment:

  1. I feel your pain.
    And just anticipate that you will still have to give more than this. We officially have our approval and such, but have to STILL give documents for each and every breathe we take until we close on the house.
    It is insanity.

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