That “Franken-sheet” description is spot on. I’ve had to dig up stuff I didn’t even know I still had—old insurance declarations, random receipts, you name it. It’s frustrating, but you’re right, keeping everything on hand does make it less stressful when the next oddball request comes through. The process is anything but streamlined, but you’re definitely not alone in feeling like it’s a never-ending scavenger hunt.
That’s the DSCR loan experience in a nutshell—one minute you’re just looking for last year’s tax return, next thing you know you’re knee-deep in a box labeled “2009: Misc Important Stuff?” I swear, lenders must think we all have color-coded filing cabinets or something. At this point, I half expect them to ask for my kindergarten report card. It’s messy, but having that “Franken-sheet” ready does save your sanity when the requests get weird. Still wish they’d streamline things just a little...
Honestly, I’ve lost count of how many times I’ve had to dig through old boxes for some random document a lender suddenly “needs.” It’s like they’re testing our patience—or maybe just our organizational skills. That Franken-sheet is a lifesaver, though. I always tell clients: keep one master doc with everything you *think* they’ll ask for, plus a few curveballs. Still, you’d think in 2024 we’d have a smoother system by now... but here we are, still chasing paperwork from the Stone Age.
Title: Getting through the DSCR loan maze: My step-by-step and a question
I hear you on the paperwork grind. I’ve tried scanning everything into a cloud folder, but even then, some lender always wants a “wet signature” or a utility bill from three years ago. It’s wild. That Franken-sheet idea is solid, though. Have you noticed lenders asking for different docs depending on the underwriter? Sometimes feels like there’s no real standard—just whatever mood they’re in that day. Ever find a way to actually get ahead of their requests, or is it just react and scramble every time?
Yeah, I totally get what you mean about the shifting goalposts. One lender wanted my tax returns, then the next one didn’t care but needed a signed lease from a tenant I hadn’t even found yet. It’s like they’re making it up as they go. I’ve tried making a checklist, but honestly, it always turns into a scramble when they ask for some random doc I’ve never heard of. Maybe there’s some secret sauce to staying ahead, but I haven’t cracked it yet.
