If you have the full version of Adobe, set the date range for your transaction history, select print, and adjust the print settings so that the destination of your print job reads “Print to PDF” or “Save as PDF” as shown in the image below: If you don’t have a scanner, follow the same steps you would with a traditional scanner but use a virtual scanner such as TinyScanner to scan the document. Once you print it out, scan the document and attach it to an email to send to your loan officer. Print and Scan with a Traditional ScannerĪfter you’ve selected the date range for your transaction history, your online banking portal should give you the option to print your transaction history. Instead, you can use one of the following methods:ġ. To ensure the documents they’re receiving are legitimate, lenders will require you to provide your transaction history in a certain format. The Proper Way to Document Your Transaction History Since a transaction history only shows the last 4 digits of your account number, matching the transaction history’s first line item with the bank statement’s last line item helps lenders verify that the transaction history is yours. You must do it this way so the lender can see that the last transaction on your full bank statement matches the first line item on your transaction history. You can do this by accessing your online banking portal and selecting a custom date range, as shown in the image below: So, for example, if the last transaction on your bank statement is dated October 28th and today is the 15th of November, you’ll need to set the date range to October 28th through November 15th. You must pull your transaction history from the date of the last transaction line item on your most recent bank statement through to the present date. Selecting the Time Frame for Your Transaction History But now you need to know how to provide this documentation in the correct format and over the correct time period. Knowing why your loan officer needs your transaction history is a good first step. That’s where your transaction history comes in. You could provide them statements for the months of October and September, but what about the 15 days since your last statement? Now imagine it’s November 15th and you’re applying for a mortgage and the loan officer needs to see your past two months of financial activity. They need your transaction history for documentation of transactions that occurred after your most recent posted bank statement.įor example, let’s say you received your most recent bank statement on November 1st and that statement included all your transactions from the month of October. Loan Officers work hard to get the most current, comprehensive view of your finances so-in addition to bank statements-they’ll often ask you to provide a transaction history.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |