With Initial Lending Group you have access to credit providers that in most cases will not ask you to provide documentation.
Keep in mind that ALL credit providers reserve the right to ask for documentation. Reasons for documentation usually are due to red flags. Red flags include but are not limited to:
1.) Type of employment does not match income. A teacher that makes $300,000/year is most likely going to have to provide docs because that is not the common salary for teachers.
2.) People who are constantly relocating their address. A person that moves around a lot in the lenders eyes, might not have a steady job and will ask for paystubs.
3.) Home based businesses that have high revenues but have only one employee. This is a tricky one because while it is possible for a one person operation to do very well it is not the norm.
Posted in: Frequently Asked Questions