Underwriter Letter of Explanation? – ficoforums.myfico.com – Underwriter Letter of Explanation? My underwriter is requesting a letter to explain any dergos in the past 24 months. I have two derogs in the past two years but it was due to me not paying the bill.
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How to Explain Overdraft to an Underwriter | Sapling.com – Letter Format. A letter of explanation should be short and professional, encompassing two to three paragraphs. The underwriter is only interested in the facts, so avoid unnecessary details and emotional appeals.
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Writing the Perfect Letter of Explanation – That information can come in a form of a Letter of Explanation. These letters are then retained in case the Government or another Underwriter has to review the file.
There are times when a mortgage underwriter needs a letter of explanation for one or more items in your loan package. Letters are often needed to explain a credit problem such as the circumstances.
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