Your Stacking Order Matters

When putting your offer together it is very important that you put a clean and detailed package together. This includes a good cover letter, a defined stacking order for your documents as well as properly tagging each and every sheet in your package with the Loan Number, Owner Name(s) and Property Address. Of course you need to have ALL of the required documents as well. Don't even think of sending most of the documents with a note that the 'others' will follow later.

I suggest creating one of your cover letters to define the stacking order you used when sending over your package. This will make it much easier for the loss mitigation person to locate what they need quickly.

Here is a sample order you may wish to follow.

• Fax Cover Letter
• A copy of this Stacking Order Printed onto One Page for Reference.

Borrower’s Financials

• Client Information Summary Page
• Hardship Letter
• Financial Statement
• Copies of last 2 months Pay Stubs or letter of explanation
• Copies of last 2 months Bank Statement or letter of explanation>
• Copies of last 2 Year Federal Tax Returns or letter of explanation
• Authorization & Release Form

Property Information

• CMA or BPO - Create your own to send along with the initial package.
• Cost of Repairs (if needed)
• Residential listing agreement
• HUD-1
• Purchase Agreement
• MLS Listing

As I mentioned prior I suggest faxing the package and if you don't wish to shell out hundreds of dollars for Adobe Professional check out
Nitro PDF Professional it's what we use currently and it's affordable and easy to use. But make sure you read through the manual a bit because it does a lot more than you might be aware of initially.