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Why must a borrower submit all pay stub information covering a period of time within 60 days of the loan closing date, even if the underwriter has not requested them?

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Why must a borrower submit all pay stub information covering a period of time within 60 days of the loan closing date, even if the underwriter has not requested them?

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In order for us to verify bond compliance income for the loan, we need to calculate current income for all borrowers. Most bond programs stipulate that the borrower must disclose this pay information for the period of time within 60 days of the loan closing date.

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