Income Documentation and Analysis Checklist
This Loan Request Checklist is fully customizable for your financial institution and the cost includes a one-hour consultation with Linda Keith to advise on customization to your guidelines.
Customizable Documentation Checklist – $279.00
Customize it in three easy steps:
- Review the documentation listed
- Schedule a one-hour call with Linda Keith for input on your options
- Revise the file to your guidelines
Add additional sheets for guidelines, such as
- Required Debt Coverage or Debt-to-Income Ratios
- Guidelines for Guarantors based on % ownership
- Documents required other than tax returns
When you have modified the checklist, consider who should be able to access it.
- Business Development Officers
- Credit Analysts
- Internal Auditors
When you hire new staff in those roles, even if they are well-versed and experienced in analysis, be sure to provide this document early on so they can be consistent from the start.
Don’t forget to share it with your regulators. They’ll be impressed, especially when their review shows that the lenders are following the well-thought out, thorough and clearly communicated guidelines!