- It is a checklist form for the Loan officer to obtain required documents from the Borrower.
- It helps the loan officer in keeping track of the important collateral for a loan.
- It minimize error and helps in fast processing of a loan.
- It keeps track of documents such as Signed Disclosures, Purchase Contract, Earnest Money, Tax Statements, Mortgage Statement, W-2 forms, Pay stubs etc.
