Stacking Order

Cover letter to underwriter
Lender’s Submission Form(s)
Prequal, Pre-approval, Rate quote
Transmittal Summary (1008)
Final, complete 1003 (loan application) signed by loan officer (borrowers will sign this at closing)
Original, signed 1003 (signed and dated by all borrowers and the loan officer)
Credit Report and documentation
-Letters of explanation (if required)
-Bankruptcy papers (if required; including Discharge of Debtor and all
schedules of creditors)
-Supporting documentation for any credit item should be included here
Divorce Decree, Child Support and Alimony papers (if applicable)
Borrower’s income documentation:
-Verification(s) of Employment (written or verbal; current employer first,
then verifications of past employment)
-1 mo paystubs
-2 years’ W2s
-Pension letters, SSI awards letters, etc.
-Tax Returns (if applicable)
Co-Borrower’s income docs (in the same order as the borrower’s)
Most recent 2 months’ bank statements (grouped by bank/account with checking and savings first, then 401k, IRAs, etc.)
Property documentation:
-Purchase contract (if applicable)
-Preliminary title commitment
-CPL (Closing Protection Letter), wiring instructions and preliminary HUD or
invoice showing title’s fees
-Payoffs (if applicable)
-Evidence of hazard insurance
-Evidence of flood insurance (if applicable)
-Appraisal, including copy of appraiser’s current license and appraisal invoice
Initial, signed disclosures:
-GFE (Good Faith Estimate)
-TIL (Truth-in-Lending)
-Signature Authorizations
-All remaining disclosures