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Review documentation to ensure everything was received
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ASSET STATEMENTS
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Did they send 2 months bank statements with all pages?
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Is anyone else on the statements that needs to sign a 100% access letter?
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Are there any large deposits that need sourcing? If yes, then collect:
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Copy of the cancelled check(s)
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Letter of explanation
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Any other relevant documentation to explain deposits (ex. bill of sale)
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PAYSTUBS
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Did they provide paystubs covering the most recent 30-days?
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Are there any garnishments on the paystubs?
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Does the YTD Income match up to the hourly wage X 40 hours X 52 weeks / 12 months? In other words, are they averaging 40 hrs per week?
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Do they have any bonus or overtime income that may be usable?
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If yes, find out if there's a 2-year history
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W2's
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Does the W2 income for the past 2 years line-up with what's on the tax returns?
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TAX RETURNS
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Are there any 2016 expenses?
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Is there Schedule C or Schedule F income?
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SELF-EMPLOYED?
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Did they provide 2 years K1's?
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If K1's show more than 25% ownership in the business, did they provide 2 years business tax returns?
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Are there any, "Notes Payable" due in less than a year?
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RETIREMENT INCOME
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Did they provide a Social Security Award Letter?
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Did they provide a Pension Statement (all pages) with terms of pension payments?
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ALIMONY/CHILD SUPPORT
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If they receive alimony and/or child support, did they provide a complete copy of the divorce decree?
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Did they provide proof of receipt of the 3 most recent payments?
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If paying, did they provide proof that payments are current?
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DIVORCE
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Did they provide a COMPLETE copy of their stamped as filed divorce decree?
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VA LOANS
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Did they provide a copy of their DD214?
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BANKRUPTCY
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Did they provide a complete copy of their bankruptcy paperwork?
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Did they provide a copy of the stamped discharge letter?
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GIFT
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If receiving a gift, did you request a gift letter? Did they provide it?
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FORECLOSURE
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Did they provide the foreclosures discharge paperwork?
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Scan client documentation into system
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Update 1003 with information gathered from client docs
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Send "docs received" video to client and agent(s)
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Email client to request missing or additional documentation
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Update CRM with relevant notes