Is it okay to use Internet statements instead of actual bank statements to verify my bank and investment accounts?
Currently Internet statements are only allowed if they are an E-Statement. An e-statement typically looks just like your regular bank statement but it is available on-line. Simply printing out the transaction history from your financial institutions website is not acceptable because theyve not yet been proven as a reliable source of unalterable financial documentation by Fannie Mae, Freddie Mac, FHA and VA. My underwriters will only accept actual E-statements or copies of the actual bank statements. Also, an important side notebank and investment statements always designate the number of total pages. For instance, your statement may say 1 of 3 or 1 of 5 pages. With all due respect to my underwriters, theyre wonderful; but they always assume that any missing pages contain the secret to life. In actuality, what they cant see is whats on or not on those pages, so the missing pages always present a problem. Fannie Mae, Freddie Mac, FHA and VA by their guidelines, still require all pages of
Related Questions
- Is it okay to use Internet statements instead of actual hard copy bank statements to verify my bank and investment or asset accounts?
- Is it okay to use Internet statements instead of actual hard copies of bank statements to verify my bank and investment accounts?
- Is it okay to use internet statements instead of actual hard copy bank statements to verify my bank and investment accounts?
