YES I NEED ALL THE PAGES OF YOUR ASSETS - 10/05/10 11:02 AM
YES I NEED ALL THE PAGES OF YOUR ASSETS.  One of the hardest thing to get from borrowers is a copy of their bank statement. Why is this?
When I gather information for a loan application and I request a copy of the last bank statement or 401K statement to prove the assets.  I usually get one of the following:
One page with the balance on it.  (Hm-mm where did the money come from?)
One or more pages that have no reference to the borrower's name or account number  (Hm-mm, is this your account?)
A printout on plain paper from the … (3 comments)