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Alternative Documentation |
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Alternative Documentation Expedited and simpler documentation requirements designed to speed up the loan approval process. Instead of verifying employment with the applicant's employer and bank deposits with the applicant's bank, the lender will accept How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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LaPolt researched alternative documentation methods and came across speech recognition as an option to use with the EMR. The National Foreclosure Mitigation Counseling Program recently released a report indicating the number of people delinquent in their subprime loans, as well as Alt-A loans, which are loans that can be obtained with alternative documentation. Narrow allowances for alternative documentation exist for applicants who are unable to provide these original documents. |
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