Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
1,885,671,755 visitors served.
forum mailing list For webmasters
?
New: Language forums
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Alternative Documentation

    0.02 sec.
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
paycheck stubs, W-2s, and the borrower's original bank statements. Alternative  documentation  remains “full  documentation,”  as opposed to the other documentation options. See Documentation Requirements/Full Documentation.



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.
?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
 
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.
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2010 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.