Honestly, I’ve seen both approaches work, and it really comes down to personality. Some folks love having every document ready to go, but for others, that’s just more to juggle.
That’s totally fair. Out of curiosity, have you ever had an underwriter ask for something super random or unexpected? Sometimes that’s when the “just-in-case” folder comes in handy, but it can feel overkill.“I just let the underwriter ask and then dig up what they need—otherwise I’d drive myself nuts tracking every $5 transfer.”
I totally get the urge to have a “just-in-case” folder, but I can’t help myself—I’m the type who has everything scanned and alphabetized, just in case they ask for a utility bill from three years ago. It’s happened! One time they wanted proof of a random $200 deposit from months back. Had to dig through old Venmo screenshots. Felt like I was prepping for a tax audit, not a refinance. Maybe I go overboard, but it saves me from the last-minute scramble.
I hear you—lenders can get weirdly specific with what they want. I keep a digital folder for each property, but honestly, sometimes I wonder if I’m just making more work for myself. Ever had a lender ask for something totally random, like a cell phone bill from years ago?
Yeah, it’s wild what they’ll ask for sometimes. I’ve had a lender request an old gym membership contract—no clue how that proved anything. Keeping everything organized feels tedious, but honestly, it’s saved me a headache more than once. You’re not overdoing it.
Honestly, the stuff lenders ask for sometimes just makes me shake my head. I had a client once who got asked for proof of a Netflix subscription—like, how does that factor into a mortgage? It’s wild. Half the time I wonder if they’re just seeing what you’ll actually dig up.
But yeah, keeping your docs organized is a lifesaver, even if it feels like you’re prepping for an IRS audit. I’ve seen deals stall over missing bank statements from two years ago. Drives everyone nuts. I still think some of these requests are overkill, but until someone in the industry decides to simplify things, it’s just part of the game. At least you get really good at tracking down random paperwork... silver lining, maybe?