Yeah, I’ve seen underwriters get hung up on the weirdest stuff—like a random Venmo transfer or a one-off deposit from grandma. I usually tell people to keep records handy but don’t volunteer info unless it’s actually needed. Less is sometimes more with these folks.
I usually tell people to keep records handy but don’t volunteer info unless it’s actually needed. Less is sometimes more with these folks.
That’s spot on—underwriters can get sidetracked by the smallest things. I’ve seen a $50 birthday check from a relative turn into a week-long documentation chase. Still, I’d add that if there’s anything out of the ordinary, like large deposits or transfers, it’s better to have a quick explanation ready just in case. Sometimes being proactive saves time, but you’re right—no need to overshare and complicate things unnecessarily. It’s all about balance.
Honestly, I’ve had clients who brought in binders full of every bank statement since college—talk about overkill. I usually tell folks: keep it simple, but if you’ve got a weird deposit or sudden transfer, just jot a note. Saves everyone a headache later.
keep it simple, but if you’ve got a weird deposit or sudden transfer, just jot a note. Saves everyone a headache later.
That’s solid advice, but I’d argue it’s not always enough—especially if you’re juggling multiple accounts or side gigs. I refinanced last year and my lender wanted explanations for every Venmo and PayPal transfer over $500. Honestly, it felt like overkill, but I get why they’re strict. Has anyone else run into lenders being super picky about digital payments? I wonder if it’s just certain banks or a new trend everywhere.
Yeah, I’ve noticed lenders getting way more nosy about those digital transfers lately. Last time I bought a place, my underwriter wanted a play-by-play for every Zelle payment from my fantasy football league. Felt like I was on trial for buying pizza. Guess it’s just the new normal if your finances aren’t super vanilla.
