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DOCUMENT GLOSSARY

Names, templates and descriptions of the documents often required during the Servicing of your loan.

Document Glossary

Managing Your Account


Electronic Funds Transfer Authorization Agreement
The EFT agreement allows a customer to set up recurring auto-debit payments from a checking or savings account. This payment method is also known as an Automated Clearing House (ACH) payment. The customer can select whether they want to make bi-weekly, semi-monthly, or monthly payments. Recurring ACH payments eliminate the need to make monthly payments with a paper check through the mail.
Escrow Establishment
The Escrow Establishment form can be used to request an escrow account on your loan. Please review the form and follow the instructions for completion and submission to Caliber.

Documents for Hardship Assistance


Hardship Assistance Forms

Caliber Proprietary Loss Mitigation Application
This form is exclusive to Caliber Proprietary Loans, and collects detailed information about your property, your finances, your hardship, and more. There are multiple versions of this form, but they all collect similar information. Please check with your Caliber Cares Specialist to see which one applies to you.
Credit Authorization Letter
Form that is required to be signed by a non-borrower in order to pull their credit history.
FHA Loss Mitigation Application
This form is exclusive to FHA (Federal Housing Administration) insured loans and collects detailed information about your property, your finances, your hardship and more.
FNMA and FHLMC Form-710
Uniform Borrower Assistance Form. This form is exclusive to FNMA and FHLMC owned loans, and collects detailed information about your property, your finances, your hardship, and more. There are multiple versions of this form, but they all collect similar information. Please check with your Caliber Cares Specialist to see which one applies to you.
Form-4506T
Request for Individual Tax Return Transcript.
Form-4506T-EZ
Short Form Request for Individual Tax Return Transcript for individuals that have filed a 1040 or 1040-EZ.
Income Contribution Letter
Verification letter of someone living in the home, which is not on our Note and is contributing to monthly income. Caliber requires a letter stating how much they contribute to the household monthly.
Short Sale/Deed in Lieu of Foreclosure Third Party Authorization Form
Authorization for allowing a third party to work with your mortgage company.
USDA/VA/Public and Indian Housing Loss Mitigation Application
This form is exclusive to USDA/VA/Public and Indian Housing guaranteed and insured loans, and collects detailed information about your property, your finances, your hardship and more.

Additional Documents

Adoption
Legal documents or statements showing the amount of the adoption support payments, how often you receive them, and how long they will continue.
Bank Statement
Statements for all banking and investment accounts. Include all statement pages, even if they are blank.
Child Support
Legal documents (such as a divorce decree or separation agreement) showing the amount of the payments, how often you receive them, and how long they will continue.
Death Certificate
An official document, signed by a physician, of the cause, date, and place of a person's death.
Disability Award Letter
Benefit statement or a letter from the provider showing the amount of your disability benefit payments, how often you receive them, and how long they will continue.
Divorce Decree
A legal document that is the final ruling or judgment order that makes a marriage termination official. The document must be signed by a judge and/or recorded through the courts.
Employment Letter
A letter confirming employment when a pay stub is not available. The employment letter should contain the hire date, compensation information including the term (weekly, bi-weekly, monthly, etc.), year-to-date earnings, contact information and be signed by the employer.
Hardship Letter
This is a letter you will complete that explains the reasons for your hardship. You only need to send this letter if you have not provided explanation on the Loss Mitigation Application or the 710 Borrower Assistance Application, or if there is a co-borrower on the loan who needs to complete their own hardship affidavit.
HOA Letter
A homeowners association letter explains what the monthly dues are, what special assessments may be coming and whether the owner's payments are current.
Letter of Administration/Executive of Estate
A formal document issued by a court of probate appointing a manager of the assets and liabilities of the estate of the deceased in certain situations.
Monthly Expenses
A list of the borrower's monthly obligations, the name of the expense and the amount. You only need to send this information if this information is not collected in the assistance form.
Pay Stub
A document that shows compensation information and includes year-to date earnings.
Power of Attorney
A written authorization to represent or act on another's behalf in private affairs, business, or some other legal matter.
Profit and Loss
A financial statement that summarizes the revenues, costs and expenses incurred during a specific period of time - usually a fiscal quarter or year. This form must be signed and dated.
Public Assistance Award Letter
Benefit statement or a letter from the provider showing the amount of your public assistance benefit payments, how often you receive them, and how long they will continue.
Quit Claim Deed
A quitclaim deed is a legal instrument by which the owner of a piece of real property, called the grantor, transfers any interest to a recipient, called the grantee. The deed must be signed by a judge and/or recorded through the courts.
Rental Agreement
A contract between a lessor and lessee that allows the lessee rights to the use of a property owned or managed by the lessor for a period of time.
Social Security Award Letter
Benefit statement or a letter from the provider showing the amount of your social security benefit payments, how often you receive them, and how long they will continue.
Tax Form
A document used to file federal income taxes.
Unemployment Award Letter
Benefit statement or a letter from the provider showing the amount of your unemployment benefit payments, how often you receive them, and how long they will continue.
Verification of Income (VOI)
Proof that a borrower can provide to show how much their average monthly income is.
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