It almost feels like you need a spreadsheet just to keep track of what’ll get flagged.
Honestly, I get why it seems over the top, but those letters of explanation actually do matter sometimes. Lenders are just covering themselves—if they see something out of the ordinary, even if it’s just $25 from a buddy, they want a paper trail.
- Had a client write one for a $40 Zelle payment. It felt silly, but it cleared up the issue fast.
- Regular transfers don’t get flagged because they’re predictable. Anything random stands out.
- It’s not always just a hoop—sometimes it’s the difference between an approval and a delay.
Not saying it isn’t annoying, but I’ve seen it work in people’s favor more than once.
It’s not always just a hoop—sometimes it’s the difference between an approval and a delay.
Yeah, I get that, but it still feels kind of wild to me that something as random as splitting dinner money with a friend could mess up your refi. I had to explain a Venmo for $18—felt like overkill, but I guess they’re just being thorough. Makes me paranoid about every little transfer now.
Honestly, it’s wild what they’ll flag these days. I once had to explain a $12 PayPal from my mom labeled “pizza” during underwriting—felt like I was on trial for mozzarella crimes. It’s not just you. Lenders are just super cautious now, especially with all the digital payments floating around. Annoying? For sure. But at least you know they’re paying attention... maybe a little too much sometimes.
It’s wild, right? I’ve seen folks get flagged for Venmo transfers labeled “dog walking” or “coffee”—it’s like the underwriters are looking for secret codes. I get why they’re cautious, but sometimes it feels like overkill. Out of curiosity, did they ask you to explain any other random transactions, or was it just the pizza? I’ve noticed it’s gotten even stricter in Dallas lately, especially with all the fintech apps people use.
Yeah, it’s gotten pretty intense lately. I had to explain a $12 Venmo for “lunch” last time I refinanced—felt a bit ridiculous, but I get that they’re just covering their bases. The scrutiny in Dallas seems higher than ever, especially with all the digital payment trails. It can be frustrating, but as long as your docs are clean, you’ll get through it. Just takes some patience and a lot of random explanations...
