letter of explanation employment

You just received an email from your Loan Officer asking for a Letter of Explanation. Many borrowers have no idea what should be contained in that letter or even more importantly, why it is required.

If your financial or employment history is less than perfect, an underwriter might ask for a letter of explanation. These letters are generally asked for in situations that the circumstances are outside of the normal guidelines that an underwriter uses.

Your letter should clearly identify each item in your report you dispute, state the facts and explain why you dispute the information, and request that it be removed .

By providing the drafted sample letter to your employer, you will overcome most procrastination or reluctance to provide you a letter of employment. At times, you may get stuck in a corporate loop between your boss and HR, or the responsible person is on leave or can’t be reached.

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Mortgage Q&A series: "What is a letter of explanation?" If you’re currently going through the joyful process of obtaining a home loan, you may have been asked to furnish a "letter of explanation" or LOE to provide a little more color to what the underwriter might feel is a complicated matter.

Sample Letter of Explanation for Anything Author: Sylvia M. Gutierrez Created Date: 7/17/2015 5:39:46 PM

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Read below for advice on requesting a letter, writing a letter, a sample employment verification letter, and templates to use to create a letter to provide proof of employment for current and past employees.

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Gaps in your CV: How to explain unemployment The ABCs of Writing a Letter of Explanation for a Mortgage. Fortunately, when your loan officer or an underwriter requests a letter of explanation, it doesn’t have to be a big stress moment. It’s common for mortgage underwriters to ask for a written explanation for certain situations or problem areas in your credit history, employment or other areas.