Definitions for "Alternative Documentation"
This is a document related to a loan file which is dependent on information such as pay-stubs, W-2 forms, and bank stubs. This is done without depending on verifications sent to third parties for confirmation of statements made on the application.
MP] Expedited and simpler documentation requirements designed to speed up the loan approval process.
If a Death Certificate is not available to start an estate, alternative documentation may be used.  Alternative Documentation includes a letter from the morgue, hospital or funeral home, or an obituary as proof of death.
Program that uses gross checking account deposits to verify income.