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What underwriters check

This category walks through a borrower's bank statements the way an underwriter reads them. It covers the signals lenders check first, how large deposits get sourced, how NSF fees and overdrafts are counted, what to do with bad statement months and how to read mixed personal and business accounts. Start with What Do Mortgage Lenders Look For on Bank Statements?, then use the broker pre-review checklist before you submit a file.

  1. What Do Mortgage Lenders Look For on Bank Statements?

    What mortgage lenders look for on bank statements: deposit patterns, balances, reserves, hidden debts and the items that trigger a letter of explanation.

    Published October 16, 2026underwritingstatement reviewletter of explanation

  2. Self Employed Bank Statements: Reading Mixed Accounts

    How to read self employed bank statements when personal and business money mix: owner draws, transfers, business expenses and seasonal deposits.

    Published October 16, 2026self-employedmixed accountsdeposits

  3. NSF Fees on Bank Statements: How Lenders Count Them

    How lenders count NSF fees on bank statements and overdrafts, the tolerance limits programs set, and what to do when the bank charged one in error.

    Published October 16, 2026NSFoverdraftstolerance limits

  4. Mortgage Broker Bank Statements Review Before Submission

    A mortgage broker review of bank statements before submission: the pre-check list, missing pages, questions for the borrower and when to hold the file.

    Published October 16, 2026broker checklistpre-submissionstatement review

  5. Large Deposits on Bank Statements: Sourcing for Lenders

    What counts as large deposits on bank statements, how lenders source them with a paper trail, and what happens to a deposit that cannot be sourced.

    Published October 16, 2026large depositssourcingpaper trail

  6. Bank Statement Analysis for Loan Files, Step by Step

    A step-by-step bank statement analysis for loan files: line up months, tag deposits, check continuity and write up findings for the underwriter.

    Published October 16, 2026analysisdeposit taggingloan file

  7. Bad Bank Statements Mortgage Files: What Still Closes

    When bad bank statements put a mortgage at risk: which problems a letter of explanation fixes, when to wait, and which statement issues end the file.

    Published October 16, 2026bad statementsletter of explanationunderwriting