Large Deposit & Gift Funds Log for Mortgage Applications: Excel Deposit Tracker, Letter of Explanation Template, Gift Letter + Paper Trail Checklist

Large deposits are one of the most common reasons a mortgage file slows down. A gift from family, a car sale or a transfer between your own accounts can all trigger a request for documents. This kit helps you build the paper trail before the lender asks. The Excel tracker logs every non-paycheck deposit, flags the ones that may need a letter and totals gift funds. You also get a paper trail checklist, a letter of explanation template and a gift letter template in Word.

What's inside:

- Why lenders ask, with common examples

- Paper trail checklist and deposit log

- Letter of explanation template

- Gift letter template and donor checklist

- Excel deposit tracker

Good to know:

- Educational only. Use your lender's own gift letter form if it has one.

Aaron Clark, Licensed Mortgage Loan Officer, NMLS #1770738 · www.nmlsconsumeraccess.org · Equal Housing Opportunity

Educational only, not a loan offer or rate quote; example numbers are illustrations.