Buying a home is an exciting milestone, but the mortgage process can feel overwhelming if you’re not prepared. At North Star Mortgage Network, we want to help make your home buying process easier. Follow these seven essential tips to keep things moving efficiently and avoid unnecessary delays.

1. Send All Requested Documentation at Once

One of the most common reasons for loan delays is missing documentation. When your loan officer requests paperwork, provide all required items in one submission. This prevents back-and-forth emails and keeps the approval process on track.

Missing items can cause delays.

2. Label or Name Your Documents Clearly

Help us process your loan faster by naming your documents appropriately. For example, instead of sending a file named “IMG1234.pdf,” rename it to “John_Doe_Bank_Statement_April_2024.pdf.” This small step saves time and ensures nothing gets misplaced.

Proper labeling makes it easier to identify documents quickly.

3. Include All Pages of Your Statements

Even if a page appears blank or irrelevant, all pages of a document must be submitted. If a bank statement says “Page 1 of 4,” underwriters need to review all four pages for accuracy.

Provide complete statements to avoid delays.

4. No Screenshots – Provide Full Statements

Underwriters require official, unaltered documents. Screenshots of bank statements, pay stubs, or tax returns will not be accepted. Instead, download the full PDF version of statements from your financial institution.

Full documents meet underwriting requirements.

5. Avoid Staples When Submitting Paperwork

If submitting physical documents, avoid using staples. Loan files are scanned and processed digitally, and removing staples can slow down the handling of your paperwork.

This makes document processing more efficient.

6. Keep Documents Unaltered

Do not black out, cross out, or white out any information on your documents. Lenders require unedited paperwork to verify income, assets, and other financial details. Altered documents can raise red flags and delay approval.

Unedited documents ensure smooth underwriting.

7. Hold Off on Bank Transfers Until Discussed

Large deposits or frequent transfers between accounts can complicate the loan process, as all deposits must be properly sourced. Before making any significant financial moves, consult with your loan officer to avoid unnecessary scrutiny from underwriters.

All deposits must be properly sourced to prevent issues.

Simplify Your Home Buying Process with North Star Mortgage Network

Following these tips can save you time and stress during the mortgage approval process. At North Star Mortgage Network, we are here to guide you every step of the way. If you have any questions or need assistance, reach out to our team today to make your home buying process easier!