1003 · Section 1a
Borrower Information
Marcus Chen · Jennifer Chen (co-borrower)
Married · both US citizens · 2 dependents
Reconciled
Marital status matches 1040 filing status (Married Filing Jointly). IDs match. Source: URLA p.1; 1040 p.1
1003 · Section 1b–1e
Employment & Income
53% provisionalMarcus Chen — Self-Employment
XYZ Holdings LLC S-Corporation AI Pending docs
45% ownership · Form 1120-S + Schedule K-1 · largest income source
$16,667
/ mo
$200,000 / yr
lower of 2yr · 2023 $245k → 2024 $200k
Verified: 2024 K-1 ($200,000) reconciles to Schedule E. At risk: full distributive-share usability and the $42k distribution sourcing depend on documents not yet in file; the 18% year-over-year decline needs a borrower LOE.
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ABC Properties LP Partnership Pending docs
25% ownership · Form 1065 + Schedule K-1
$5,200
/ mo
$62,400 / yr
Estimated from 2024 Schedule E ($62,400). No K-1 in file; 25% ownership triggers the partnership-return requirement (K-1s + 1065s).
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DEF Consulting LLC Sole-member LLC · Sch C Verified
100% ownership · reported on Schedule C (no separate return)
$3,500
/ mo
$42,000 / yr
Reconciled. 2024 Schedule C cash flow cross-checked against bank deposit pattern (B3-3.4-03). Full add-back analysis below.
▸View calculation worksheet
Jennifer Chen — W-2 (Stripe Inc.)
Base salary Verified
$140,000 / yr
$11,667
/ mo
$140,000 / yr
Reconciled. W-2, paystub year-to-date, and direct deposits tie out. Day 1 Certainty employment.
Bonus (24-month avg) Verified
($52,400 + $58,800) / 24
$4,633
/ mo
$55,600 / yr
Reconciled. Stable-to-increasing; 24-month averaging supportable (B3-3.1-09).
Total qualifying income
$41,667 / mo · $500,004 / yr · provisional
$19,800 verified (47%) · $21,867 pending document support (53%)
AI Underwriting
Lender Overlays Applied
3 of 4 triggeredMort evaluates Housetable's configured overlay set (rev. 2024-09) against the file on top of agency guidelines, flags which rules fire, ties each to its action, and auto-handles what it can. Click a triggered row to see what it affects.
1003 · Section 2a
Assets — Bank & Account Review
Chase joint checking Checking Verified
AccountChek live link · last refresh 2026-04-30
100% usable — depository funds counted at full value
$96,000
$96,000 usable
Schwab brokerage (joint) Taxable brokerage Verified
60% equities / 40% Treasury bills · AccountChek live link
100% usable for funds to close · 70% if counted as reserves (stocks/bonds, B3-4.3-01)
$178,000
$178,000 usable
Marcus solo 401(k) — Schwab Retirement Verified
Vested balance $63,000 · reserves only
60% of vested balance counted (B3-4.3-03) — withdrawal/tax haircut
$37,800
of $63,000 vested
Earnest money deposit Traced
Wire 2026-04-12 · contract → wire → statement reconciles
$72,000
Large deposit · 2026-04-08 AI Pending source
Memo "XYZ Holdings owner distribution" · sourcing required (B3-4.3-04)
$42,000
Consistent with a pro-rata share of expected 1120-S Line 16d distributions; cannot be fully sourced until that return arrives.
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Large deposit · 2026-03-22 Sourced
Stripe RSU vest · reconciled to grant agreement
$18,500
1003 · Section 2c
Liabilities & Credit
Score 762Federal student loan (Jennifer) AI Recalc pending
$135,000 · reported $480/mo IDR · administrative forbearance
$1,350
/ mo (recalc)
Forbearance → qualifying payment = 1% of balance (B3-6-05), not the $480 reported. Servicer statement confirms before keying $1,350 into DTI.
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Wells Fargo Mortgage inquiry AI LOE pending
Posted 2026-04-22, after the credit pull
Underwriter requires an explanation that this was rate-shopping and that no new tradeline opened (B3-6-02).
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Tesla auto loan (joint) Retained in DTI
$850/mo · 18 payments remaining
$850
/ mo
18 payments remaining exceeds the 10-or-fewer omission threshold, so the payment stays in DTI (B3-6-05).
1003 · Section 5
Declarations
Bankruptcy / foreclosure / judgments / lawsuit
All "No" · consistent with clean credit report
Reconciled
New credit since 1003
Disclosed — Wells Fargo rate-shopping inquiry
LOE pending
Cross-Document
Validations (show your work)
7 reconciled| K-1 ↔ Schedule E (XYZ) | 2024 K-1 Box 1 $200,000 matches Schedule E; capital account $384,500 positive. | OK |
| W-2 ↔ paystub ↔ deposit | Jennifer's W-2 Box 1, YTD paystub, and bi-weekly Stripe deposits reconcile. | OK |
| Earnest money trail | Contract → wire → statement chain reconciles. | OK |
| Subject-property identity | Address and APN 070-191-160 consistent across contract, 1003, title. | OK |
| Marital / filing status | Married Filing Jointly consistent on 2023 and 2024 returns. | OK |
| RSU deposit ($18,500) | Reconciled to grant agreement and Stripe payroll history. | OK |
| DEF Consulting scope | Sole-member LLC on Schedule C; no separate return required (B3-3.4-03). | OK |
eFolder
Documents
21 of 30Orders & Verifications
Services Ordered
—Every third-party order Mort placed or consumed on this file — AUS, credit, employment & income, IRS transcripts, flood, and fraud / identity. Mort reads each result in the context of the whole file, ties it to the conditions it generated, and gives the underwriter guidance. Click a result’s AI to see the reasoning, or a chip to jump to the conditions it created.
Appraisal (AMC) and title / hazard insurance are ordered and tracked in the lender’s LOS; valuation and title analysis are out of scope for Mort on this file.
Encompass · EDC
Enhanced Conditions
—Pushed to Encompass as enhanced conditions · Source: Mort AI on every row. Status mirrors the document loop above; cleared rows show conditions Mort already closed with the math shown.
Scope. This file covers document collection, extraction, cross-document reconciliation, and the income, asset, credit, and ratio analysis. The appraisal, final insurance and title, the final signed 1003, and the underwriter's credit decision and overlays are handled by the lender's existing LOS automation and are not shown here.
Qualifying snapshot
Qualifying income$41,667provisional
Back-end DTI42.6%provisional · cap 45%
LTV / CLTV75.0%
Reserves8.4 mo
Income verified47%