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Bank Printouts

Oftentimes, a borrower looks to submit online web histories or bank teller printouts in lieu of standard bank statements. Should you wish to do this, please be sure your web history and/or bank teller printouts meet all of the following underwriting criteria:

Print-outs from Internet or Bank

Print outs provided by the bank must be (1) signed by the bank employee, and (2) either stamped by the bank or accompanied by the employee’s business card, plus (3) clearly identify:

  • The account holder(s) to be the same as the borrower(s),
  • Full account number,  and
  • Name of financial institution.

Internet print outs must clearly identify:

  • The account holder(s) to be the same as the borrower(s),
  • Full account number,  and
  • URL from bank website

NOTE: When bank print outs are used to update accounts or verify additional assets, they must show dates that are consecutive to the statements in the file.  For example, if the bank statement ends 11/30/2010 the printout must start 12/01/2010. Gaps in the dates are not permitted. Beyond that, if used for updating since the last statement, a partial account number is OK as long as it can be tied back to the full account number on the monthly statement that is already on file here at Envoy.

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