Letter of Explanation
Get the Clarity You Need to Move Forward on a Deal
With IR’s Letter of Explanation, request more details from your borrower on any irregularities that pop up during the approval process – so you accurately and quickly determine whether to close the deal or move on to the next.
Reduce
Risk
Avoid losing a loan by getting the right answers you need to close the deal
Save
Time
Customize the form to fit your needs and underwriting guidelines for a faster process
Keep
Clients
Give applicants a chance to explain their situation so they can still qualify
More
Clarity
Get a better idea of what may or may not have an impact on your lending decision
Full Picture
Get the whole story on derogatory tradelines, public records, new credit inquiries, and more!
Clear Understanding
Convenient Delivery
