The last week or so I’ve been working pretty closely with my mortgage underwriter. The volume of paperwork involved in this transaction is impressive… and that’s saying someone who’s spent most of his adult life as a professional bureaucrat. Late Friday afternoon I got a very apologetic email asking for updated bank statements. It seems my state and federal tax refunds dropped into my account and set off all kind of mortgage lender bells and sirens warning about unexpectedly large deposits. Within minutes I sorted out what they needed and punted everything back to them so they’d have it on Monday morning.
A few minutes later I got a very kind message calling me a “dream borrower to work with,” presumably because I actually keep reasonably good records and can access them on demand. That sort of surprised me. I had always assumed that most people would be able to dive into their files and find whatever bit of paperwork they needed. Getting a mortgage lined up can be an exercise in frustration – and can feel like you’ve sent every bit of required documentation a few dozen times. Having the paperwork you need on hand shouldn’t come as a shock to anyone.
All that being said, I have to think if you’re asking someone to lend you a few hundred thousand dollars or more, actually having your shit together and not causing them a bunch of headache is probably a good idea, no? Or maybe I’m just not approaching this endeavor with the requisite amount of douchebaggery entitled attitude. All things being equal, until we reach the closing table I’m going to err on the side of being as helpful to these people as humanly possible. It’s one of those happy convergences of self interest and the right thing to do.