Methodology

What the score means

Your Documentation Readiness score reflects only the status you selected for the documents in this checklist. It does not evaluate your credit, income sufficiency, document acceptability, eligibility, loan terms, or likelihood of approval. Actual requirements vary by lender, loan program, property, and individual circumstances.

How the checklist is built

Your answers are matched against a published set of documentation rules. Each rule has a stable key, the conditions that trigger it, the wording shown to you, a level, a weight, a source, and an approval record. Only rules that are active and approved in the currently published version can appear in a report.

• Core: documents commonly requested in nearly every file.
• Scenario: documents tied to something specific you told us, such as self-employment or gift funds.
• Advisory: items worth confirming, which may or may not apply.

How the score is calculated

Each checklist item carries a weight by level – core 3, scenario 2, advisory 1 – and a factor based on the status you selected: ready or current 1.0, have it but need to verify 0.6, unsure 0.3, need to obtain 0.0. The score is the weighted percentage of the total possible, rounded to a whole number.

• 80 to 100: Mostly ready
• 50 to 79: Some items to complete
• 0 to 49: Preparation needed

The calculation is deterministic and runs on our servers. The same answers and statuses always produce the same score.

What FileReady is not

• Not an application or prequalification.
• Not underwriting, and not a credit or risk assessment.
• Not a statement about eligibility, approval, pricing, or the likelihood that a loan closes.
• Not a judgment of whether your income or assets are sufficient, or whether a document will be accepted.

Not a Loan Estimate

FileReady does not provide or replace a Loan Estimate. A Loan Estimate can only be provided by a lender after the information required for a mortgage application has been submitted.

Rule review and versioning

Rules are drafted with a cited source and effective date, reviewed and approved by a mortgage subject matter expert at Logikality, and released as a numbered version. Reports record the version that produced them, so any result can be traced back to the exact rules in force at the time.