1 year alt doc Tutorial & Checklist

1 YEAR ALT DOC CHECKLIST:

☐ FNMA 3.2/FNMA 3.4 File

☐ Broker Signed 1003 + DI Addendum (to be uploaded separately)
— Dated date of submission
— Must also be signed by Borrower ahead of final approval

☐ Two Most Recent Paystubs

☐ Most Recent W2(s) and/or 1099(s)

☐ Most Recent Year of Complete Personal Tax Returns*
— *If submitting 1 Year Alt Doc Tax Return Program

☐ Most Recent Year of Complete Business Tax Returns*
— *If submitting 1 Year Alt Doc Tax Return Program
— (If applicable, i.e. the client has a business that produces returns)

☐ Purchase Agreement *if purchase*
— Earnest Money Deposit

☐ Broker/Borrower Comp Agreement *if borrower-paid comp*

☐ Credit Report Invoice *if reissuing recently pulled credit report*
— If credit is not reissued – Deephaven WILL pull new credit automatically

☐ Asset Statements *if needed*
— Upload if needed for down payment/reserves

☐ If 3^rd Party Processor – Provide Invoice
— Must be assigned processor ahead of submission