Documentation: keeping your papers in order
It's highly recommended to keep an organized dossier containing both originals and copies of all documents accumulated throughout the entire application process. These will include:

. 2 years of W-2 forms from the employer, or 2 years of tax returns for those who are self-employed

. Recent pay stubs

. 2 months of bank and money market statements

. Brokerage, mutual fund and retirement account statements

. Proof of other income sources (alimony, trusts, rental income, etc.)

. Credit card statements

. Auto /boat / student / miscellaneous loans

. Copies of visa or green card (for non-US citizens)

. Copies of existing mortgage debts (for those applying for a home equity line of credit or another mortgage)

Processing/Underwriting: keeping in touch
Processors and Underwriters, are analysts who collect and examine all the data from a borrower's property and transaction. The underwriter ultimately determines whether or not a mortgage should be issued to the applicant. Loan approval committees will use underwriters' reports during their deliberations to evaluate the property and the applicants' creditworthiness. The processor or loan officer may contact you frequently in the course of this process, so prompt communication is necessary to keep the process running smoothly.

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