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Sample Letter Of Explanation For Mortgage Lender. Some common instances a mortgage lender or loan officer will ask for an explanation letter are as follows: Advice and tips on how to write a good letter of explanation sample for mortgage underwriters:
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My former employer, xyz enterprises, downsized in june and i An explanation letter is just a short letter that comprises of the following information: This requirement could come from the lender, or from secondary underwriting guidelines imposed by fha or freddie mac.
Sample letter [date the explanation letter is drafted] [name of the borrower, contact address down till city code, email id, cell number] [reference:
It could be that everything looks good otherwise, except for this one thing you need to explain. Jane doe’s loan application #123456789 dear sir or madam: A mortgage company might ask for a letter of explanation relating to a negative entry on a borrower’s credit report. The letter of explanation needs to be extremely detailed and cover the chain of events for the past several years.
