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Keep in mind your example will have supporting images and your verbal explanation to go along with it. The bullet points are just a “cheat sheet” for you to keep track of your story during the.
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A letter of explanation is a short document you would send to a recipient such as a lender. For instance, a lender may ask for a letter of explanation for derogatory credit before he allows you to borrow money.
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Letter of Explanation . 10/10/2016 .. Please use the below letter to address any credit inquiries, name variations or additional addressees. Use . another sheet of paper if there are additional credit inquiries, namevariations or addressees.
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Review the underwriter’s request for a letter of explanation. Your mortgage loan officer or a loan processor who prepares your application for underwriting, can provide you with a copy of that request. It’s usually one of several underwriting conditions you must meet to gain full loan approval.
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