The “comfort letter” is becoming a common request from lenders nowadays.. borrower to write a letter of explanation to their lender, dubbed a “comfort letter.. that were not explained in their credit or employment documentation.. says Allen White, senior vice president of mortgage lending at South State.

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Letter of Explanation sample. In December 2007, immediately prior to the loan’s "due date" (December 20th) while speaking with an account specialist, I accepted their kind offer to "skip-a-payment" (a yearly offer during the holidays) in order to be more generous with my family during that holiday season.

A letter of explanation is a 100-word letter that sits on file at the three major credit bureaus; transunion, Experian and Equifax. This letter then gets sent out to anyone requesting a copy of your credit report, providing context for any negative credit entries.

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or terms or counseling consumers about residential mortgage loan rates or terms. Credit Report Explanations: Submit a detailed letter of explanation of all.

Creating a letter of explanation is simply a matter of writing out the reasons you’ve had so many checks on your credit report and letting the bank know that you’re a reliable borrower. Letters of explanation can be sent to a lender or directly to the credit agencies to be given out with your credit report.

Any number of situations may cause a mortgage underwriter to ask for a letter of explanation. You may be asked for a letter of explanation if there are issues with your credit report. Sometimes.

A letter of explanation for derogatory items on a credit report should explain the circumstances that caused any late payments and why future late payments will not occur, according to guston cho associates. writers should make the letter concise and only address the items the mortgage underwriter would like clarified.

Underwriter wanted a Letter of Explanation explaining why the child was not listed. Warren Goldberg is President of Mortgage Wealth Advisors, similar payments to someone and that account is not shown in credit report,