Get the free CLOSED LOAN SUBMISSION CHECKLIST - Wintrust

CLOSED LOAN SUBMISSION CHECKLIST Date: Borrower Name: Correspondent Name: Contact Person: Contact Phone and Email: NOTE ALONG MORTGAGE/DEED CERTIFICATE OF EXEMPTION IF APPLICABLE RIDERS ASSIGNMENT

How to fill out closed loan submission checklist

How to fill out closed loan submission checklist:

1. Gather all the required documents: Start by collecting all the necessary documents for the loan submission checklist. This may include items such as a completed loan application, proof of income, bank statements, credit reports, and any other supporting documents required by the lender.
2. Review the checklist: Carefully go through the closed loan submission checklist to understand the specific requirements and items that need to be included. Pay attention to any instructions or additional documentation that may be needed.
3. Complete the loan application: Fill out the loan application form accurately and completely. Provide all the requested information, including personal details, employment history, income details, and any other relevant information.
4. Gather proof of income: Include proof of income such as recent pay stubs, W-2 forms, or tax returns. Make sure the documents are accurate and up-to-date to support your income claims.
5. Provide bank statements: Include copies of your recent bank statements to verify your financial stability and ability to repay the loan. Ensure that the statements cover the required time period as specified in the checklist.
6. Obtain credit reports: Request and submit your credit reports from all three major credit bureaus (Equifax, Experian, and TransUnion). These reports will provide lenders with an overview of your credit history, debt obligations, and creditworthiness.
7. Gather additional supporting documents: Depending on the specific requirements, you may need to include additional documents such as proof of property insurance, tax returns, or documentation related to any outstanding debts or assets.
8. Double-check the checklist: Before submitting your closed loan submission checklist, review each item again to make sure you have included all the necessary documents and information. This step helps to avoid any delays or rejections due to missing or incomplete documentation.

Who needs a closed loan submission checklist:

1. Individuals applying for a mortgage loan: Whether you are a first-time homebuyer or looking to refinance your existing mortgage, having a closed loan submission checklist is crucial. It ensures that you provide all the required documents and information to the lender, increasing your chances of a smooth loan approval process.
2. Business owners seeking business loans: Entrepreneurs and business owners who are applying for business loans can also benefit from a closed loan submission checklist. It helps to organize the necessary financial documents, such as profit and loss statements, bank statements, business plans, and tax returns, which are typically required by lenders.
3. Individuals applying for personal loans: When applying for a personal loan, having a closed loan submission checklist can help you gather and organize the necessary documentation, such as identification proof, income statements, and employment details. This ensures a streamlined application process and increases the likelihood of loan approval.

Remember that specific lenders or loan programs may have additional requirements or variations in their closed loan submission checklists. It is always advisable to consult with the lender directly or seek assistance from a loan officer or mortgage broker to ensure you have all the necessary documents for a successful loan application.

For pdfFiller’s FAQs

What is closed loan submission checklist?

The closed loan submission checklist is a document that outlines all the required items and information that must be submitted when closing a loan.

Who is required to file closed loan submission checklist?

Lenders and financial institutions are required to file the closed loan submission checklist.

How to fill out closed loan submission checklist?

The closed loan submission checklist must be filled out with accurate and complete information regarding the loan closing process.

What is the purpose of closed loan submission checklist?

The purpose of the closed loan submission checklist is to ensure that all necessary documents and information are provided during the loan closing process.

What information must be reported on closed loan submission checklist?

The closed loan submission checklist must include details such as borrower information, loan terms, and any additional documents required for closing.

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