Sample report – Sample rules for product demonstration
Your Documentation Readiness report
- Purchase • Primary residence
- W-2 employment and self-employment income
- Gift funds involved
- One person on the loan
Documentation Readiness
Documentation Readiness: 52 out of 100. Some items to complete. This measures only the statuses you selected for the documents in this checklist. It is not a credit, eligibility, or approval assessment.
This number reflects only the statuses you selected for the documents in this checklist. It is not a rating of you, your credit, or your loan. If an item is unclear, discuss it with your loan officer.
Your next three actions
- 1Request or download business tax returns (two years, all schedules) (Most recent two tax years).
- 2Request or download gift letter from the donor.
- 3Request or download evidence of the gift transfer.
Sharing, email, and download are turned off on this sample report. Nothing is sent to anyone, and sharing will always require your explicit consent.
Prepare now(4)
Start with these – they usually take the longest to obtain.
Business tax returns (two years, all schedules)
ScenarioStatus: I need to obtain itComplete federal business returns for the most recent two tax years.
Period: Most recent two tax years
Why this may be requested: Self-employment documentation is commonly requested in full. Partial returns are a frequent cause of a second request.
Gift letter from the donor
ScenarioStatus: I need to obtain itA signed statement confirming the funds are a gift with no expectation of repayment.
Why this may be requested: Gift funds are typically documented with a signed letter from the donor. Evidence of the transfer is normally requested separately.
Evidence of the gift transfer
ScenarioStatus: I need to obtain itRecords showing the funds leaving the donor's account and arriving in yours, such as a copy of the check, wire confirmation, or matching statements.
Why this may be requested: A gift letter on its own does not show the money moved. Transfer records are normally requested alongside the letter.
Year-to-date profit and loss statement
ScenarioStatus: I need to obtain itA current profit and loss statement covering the period since your last filed business return.
Period: Current year to date
Why this may be requested: Business income is commonly reviewed through the current year as well as the filed returns.
Discuss with your loan officer(2)
These depend on details only your loan officer can confirm.
Investment or retirement account statement
ScenarioStatus: I am not sureThe most recent statement for each account you plan to use.
Period: Most recent statement period
Why this may be requested: Funds held outside a bank account are usually documented with a full statement.
Written explanation of your recent job change
AdvisoryStatus: I am not sureA short, factual note covering the change and your current start date.
Why this may be requested: A brief written note often prevents a follow-up request later.
Verify before submitting(2)
You have these, but check dates, pages, and completeness.
Bank statements (two months, all pages)
CoreStatus: I have it, but need to verify itEvery page of each statement for accounts you plan to use.
Period: Most recent two months
Why this may be requested: Missing pages are one of the most common reasons a file goes back and forth.
Personal tax returns (two years, all schedules)
ScenarioStatus: I have it, but need to verify itComplete federal personal returns, including every schedule.
Period: Most recent two tax years
Why this may be requested: Returns are typically requested when income comes from self-employment, contract work, rentals, or other sources.
Already marked ready(3)
Nothing to do here for now.
Recent pay stubs
CoreStatus: Ready and currentYour most recent consecutive pay stubs from each employer.
Period: Most recent 30 days
Why this may be requested: Pay stubs are usually expected to be recent at the time of submission, so dates matter.
Government-issued photo identification
CoreStatus: Ready and currentAn unexpired driver's license, state ID, or passport.
Why this may be requested: Identity documentation is collected for every person on the loan. Expiration dates are checked.
W-2 forms (two years)
CoreStatus: Ready and currentW-2s from each employer for the last two tax years.
Period: Most recent two tax years
Why this may be requested: Every employer for the period is normally represented in the file.
Applies at a later stage(1)
These are listed for awareness only. They are not counted in your Documentation Readiness score.
Fully executed purchase contract
The signed contract including all addenda.
This applies once a property is under contract. It is listed for awareness and is not counted in your Documentation Readiness score yet.
Result limitations
- This is not an application, prequalification, or offer.
- It does not determine eligibility, pricing, terms, or whether a document will be accepted.
- Your lender may request documents that are not listed here, or waive documents that are.
- If an item does not fit your situation, discuss it with your loan officer rather than assuming it applies.
- Checklist produced by FileReady rules version 2026.08.1. Sample rules for product demonstration.
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.
FileReady by Logikality • Generated October 17, 2026 • Rules version 2026.08.1