Gift Letter Process
The online form is completed by the MLO to initiate the following process.
When a MLO requests a gift letter, either via the broker demand or the independent gift letter request the following process should be done by the assigned employee.
Use text fields for source of funds, name of depository, address, account number, and date funds will be transferred. These institution fields, donor address, and donor phone number are to be completed by the donor and so it should be set up this way in the esign process. The borrower(s) will sign at the bottom.Gift Letter Process