1. Ways to write an explanatory letter for Underwriters are very simple and to the point.
- Income, assets, debts, loans, and liabilities are important factors in the mortgage approval process
- In the event of any unusual occurrences such as employment gaps, bankruptcy, exclusion, late payment, debt collection, offensive information or other negative or questionable information regarding the borrower's credit profile, an explanatory letter should be written for each questionable item
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ALEX CARLUCCI - SVP Mortgage Banker, NMLS# 229891
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