Loan Documentation

Question 1

employment verifications for any loan amount are verified verbally (T/F)

Answer 1

true

Question 2

What two pieces of information are required for salaried employees income verification from $0-350,000?

Answer 2

Current personal financial statement/application (within 12 months)

Current paystub or W-2 (within 6 months)

Question 3

What additional piece of information is required for salaried employment income greater than $350,000?

Answer 3

2 years tax returns