Mortgage / Lending
Upload W-2s, bank statements, tax returns, and employment verification. SaralFlow shows what's underwriting-ready and what's still missing.
Sample packet
Underwriting-ready checklist
Sample file · Demo borrowers James & Sarah Chen (fictional)
Executive summary
What happened, what matters, and what to do next — from documents SaralFlow reviewed.
Purchase loan $388,000 on $485,000 property — 80% LTV conventional 30-year program.
Combined W-2 income $148,000/yr; estimated DTI 28% front / 38% back — within conventional guidelines.
Liquid assets $87,400 verified across two accounts; $25,000 gift from parents toward down payment.
Gift letter present but donor source-of-funds letter missing — underwriting cannot clear gift funds.
2023 federal tax return not in file — most lenders require two years of returns before submission.
Key findings
- Borrower file: James & Sarah Chen — purchase $485,000 · loan $388,000 (80% LTV)
- Income checklist: W-2 $148,000/yr ✓ · employment letter ✓ · 2024 return ✓ · 2023 return missing
- Assets: $87,400 liquid verified · down payment $97,000 including $25,000 gift
- Debt checklist: estimated DTI 28% front / 38% back — within conventional limits
- Red flag: gift donor source-of-funds letter missing — gift cannot be credited yet
- Red flag: 2023 tax return absent — 2-year return rule not satisfied
- Readiness: 6 of 7 underwriting documents complete — clear-to-close in 3–5 days after missing docs
Timeline
- 2026-04-01 — Application received
1003 signed · purchase contract attached
- 2026-04-08 — Income docs verified
W-2s and employment letter confirmed
- 2026-04-12 — Asset review
Bank statements parsed — gift flagged for follow-up
- 2026-04-18 — Conditions outstanding
Donor SOF letter and 2023 return requested from borrower
Output sections
Loan summary
- Purchase price: $485,000
- Loan amount: $388,000 (80% LTV)
- Est. DTI: 28% front / 38% back
- Program: Conventional 30-year
Income verification
- W-2 income: $148,000/yr ✓
- Employment letter: ✓
- 2024 tax return: ✓
- 2023 tax return: missing ⚠
Assets & down payment
- Liquid assets verified: $87,400 ✓
- Down payment: $97,000
- Gift: $25,000 (donor source needed ⚠)
- Reserves after close: ~$15,400
Closing readiness
- 6 of 7 documents complete
- Gift donor letter needed
- 2023 tax return needed
- Estimated clear-to-close: 3–5 days after docs
Source evidence
- Loan application (1003) Confirmed
- W-2s — 2024 & 2023 (both borrowers) Confirmed
- Bank statements — 3 months (2 accounts) Confirmed
- 2024 federal tax return Confirmed
- Employment verification letter Confirmed
- Gift letter — $25,000 down payment assist Needs review
- Credit report authorization Confirmed
Documents reviewed
Loan application (1003)
ConfirmedApplication
Purchase loan · $485,000 · Borrower: James & Sarah Chen
W-2s — 2024 & 2023 (both borrowers)
ConfirmedIncome Docs
Combined W-2 income: $148,000/yr · employer names verified
Bank statements — 3 months (2 accounts)
ConfirmedBank Statements
Liquid assets: $87,400 · 3 months statements in range
2024 federal tax return
ConfirmedTax Return
AGI: $141,200 · self-employment income: none detected
Employment verification letter
ConfirmedEmployment
James Chen · Senior Engineer · 4 years tenure · base salary confirmed
Gift letter — $25,000 down payment assist
Needs reviewGift Letter
Gift from parents — needs source of funds letter from donor
Credit report authorization
ConfirmedAuthorization
Signed by both borrowers · dated April 2026
Issues needing review
→ Gift letter — donor source of funds missing — $25,000 gift from parents needs a signed letter from the donor confirming the source of funds and that repayment is not expected. ($25,000)
→ 2023 tax return not included — Most lenders require 2 years of tax returns. 2023 return not found — request from borrower.
→ Income and employment verified — W-2 income $148,000/yr · 4-year tenure at current employer · stable.
Missing documents
- 2023 tax return: missing ⚠
- Gift: $25,000 (donor source needed ⚠)
- Gift donor letter needed
- 2023 tax return needed
- Donor source-of-funds letter ($25,000 gift) — lender cannot credit gift toward down payment without donor bank statement or signed SOF letter
- 2023 federal tax return — required for 2-year income history; file incomplete until uploaded
Recommended next actions
6 of 7 documents complete
6 of 7 documents complete
Gift donor letter needed
Gift donor letter needed
2023 tax return needed
2023 tax return needed
Estimated clear-to-close: 3–5 days after docs
Estimated clear-to-close: 3–5 days after docs
Sample · Demo data — fictional borrower (James & Sarah Chen). Not financial or legal advice.