Submit a new letter of explanation. Ask your mortgage officer or broker, if you have one, for feedback on other information or evidence you might be able to include.

Sample Letter of Explanation If your lender asks for a letter of explanation, you’ll want to state what the issue is and, if needed, describe how it was resolved. You won’t need to write a ...

A letter of explanation should tell the lender why an event happened and describe steps you’ve taken to solve or recover from the issue, if applicable. Not every borrower needs to write a letter ...

Promptly providing a letter of explanation to your lender can help expedite the loan process and move you one step closer to closing. If you don’t, your loan closing could be delayed or even denied.