Loan Auditors

During the loan document review there are a number of documents that your loan auditor will be concerned with. Obviously, your loan closing paperwork is the first place to start and that’s where the majority of the information you’ll need for an equitable loan settlement will be found. But there are supporting documents that will be helpful. Some of those include:

• Good Faith Estimate
• Truth In Lending Statement
• Verification of Employment
• Verification of Deposits
• Verification of Mortgages
• Tax Returns
• Bank Statements
• W-2s
• Credit Reports
• Real Estate Appraisals
• Title Commitment

That’s just to name a few. There are over 30 different documents that your loan auditor may be concerned with to help you identify areas for renegotiation with your loan. Your lender will not help you find the information. That’s why it is important to have a good relationship with your loan auditor, who is a third-party individual or business with no interest in your loan. He is there to make sure you get a fair shake in the loan. Who else is doing it?

Get more information on the Loan Document Review.