I am a lender and, I have to admit, sometimes we have some pretty silly requests! The silliness has increased in recent years because of the increased documentation demands. I hear the wisecrack all of the time "What's next, are they going to want a blood sample?" Well, maybe not a blood sample, but we often ask for some pretty silly things!
Here are some of the things I have had to ask my clients for during my twenty five years of mortgage origination:
- A death certificate of my client's employee - had to verify he was not an expense of my client's business any more.
- A picture of the roof of a client's roof to verify the camper shell had been removed. It was placed there during a rainstorm and the appraiser took a picture of it!
- Explanation for the inquiry into my client’s credit for a Victoria's Secret account - my client was a man! Kind of awkward to ask for this!
- A copy of my client's son's driver license - he was paying child support until he turned 18
I advise my clients that they should be prepared to be asked for a lot of documentation that doesn’t seem to make sense or necessary – as long as they are prepared and have the right attitude, it becomes something to laugh about!
What are some of the silly things you have been asked for? See the video below to see an underwriter walk to work!
Phil Caulfield NMLS #386911 APMC #1850 has been helping people obtain mortgages since 1985. The views, articles, postings, and information listed at this website are personal and do not necessarily represent the opinion or the position of American Pacific Mortgage Corporation."