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Loss Mitigation Financial Documents List

If you are unable to afford your mortgage payments and wish to avoid foreclosure, we may be able to qualify you for one of the following loss mitigation options: repayment plan, loan modification, third party sale or short payoff, or deed in lieu of foreclosure.

The following is a list of financial documents that would be helpful to us if you collect prior to calling, if applicable and available, to discuss your options for avoiding foreclosure:

If you are salaried or an hourly wage earner:

1. Two most recent pay stubs (two for each borrower) showing year-to-date income
2. Most recent tax return completed (signed with all pages) or most recent filed and proof of extension (signed with all pages)
3. Proof of occupancy - a copy of the most recent utility bill such as a water bill, gas bill, electric bill or phone bill for the subject property
4. Proof of income for other household members living in the home (alimony, child support, pension, etc.) if you want such income considered for a loan workout program - documentation should include contribution letter(s), cancelled checks, or any other supporting materials you have to validate this income
5. Copy of the most recent Homeowners Association (HOA)/condo monthly statement if applicable

If you are self-employed:

1. Audited P & L statement or an audited year-to-date income statement signed by a CPA
2. Most recent two years' tax returns completed (personal and business, signed with all pages) or 1099s or most recent two years filed and proof of extension
3. Last four months' of complete business and personal bank statements (must provide all pages - if a business account is not used, provide a written statement stating a business account is not used)
4. Proof of any other Income received (alimony, rental, child support, pension, etc.)
5. Proof of occupancy - a copy of the most recent utility bill such as a water bill, gas bill, electric bill or phone bill for the subject property
6. Proof of income for other household members living in the home (alimony, child support, pension, etc.) if you want such income considered for a loan workout program - documentation should include contribution letter(s), cancelled checks, or any other supporting materials you have to validate this income
7. Copy of the most recent Homeowners Association (HOA)/condo monthly statement if applicable

If you have income such as social security, disability or death benefits, pension, public assistance, or unemployment:

1. Copy of most recent federal tax return with all schedules and W-2 or copies of two most recent bank statements
2. Copy of benefits statement or letter from the provider that states the amount, frequency and duration of the benefit
3. Copy of the most recent Homeowners Association (HOA)/condo monthly statement if applicable

If you are relying on alimony or child support as qualifying income:

1. Copy of divorce decree, separation agreement or other written agreement or decree that states the amount of the alimony or child support and period of time over which it will be received
2. Proof of full, regular and timely payments; for example deposit slips, bank statements, court verification or filed federal tax return with all schedules
3. Copy of the most recent Homeowners Association (HOA)/condo monthly statement if applicable

If you have rental income:

1. Copies of most recent two years filed federal tax returns with all schedules, including Schedule E-Supplement Income and Loss
2. You may contact one of our representatives by phone at 1(800) 255-5897, to discuss any of these documents or options.

Loan Servicing:

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