Alternative Documentation

Categories: Loan and Mortgage,

Expedited and simpler documentation requirements designed to speed up the loan approval process. Instead of verifying employment with the applicant's employer and bank deposits with the applicant's bank, the lender will accept paycheck stubs, W-2s, and the borrower's original bank statements. Alternative documentation remains .full documentation., as opposed to the other documentation options. See What Are Mortgtage documentation requirements?