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You just received an email from your Loan Officer asking for a Letter of Explanation. Many borrowers have no idea what should be contained in that letter or even more importantly, why it is required.

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Sample Letter of Explanation Insert Current Date: John D. doe xyz company 1360 Anywhere Street Somewhere, ID 12345 Dear Mr. Doe: Please accept the following explanation regarding the lack of information on the employment application about my felony conviction(s) of _____ that occurred on _____. I don’t want to mislead or lie by not

Re: Letter of Explanation sample I’ve been referring clients to this thread as an excellent example on how to write a letter of explanation, it is many years old but the format is exactly what underwriter’s are looking for.

Address Discrepancy Letter is a letter of explanation where the borrower clarifies the current residential address and responds to any discrepancy in the address stated in credit report or other documents.

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When writing your letter of explanation, the magic formula is to just write a simple explanation, Halladay adds. For instance, tell the underwriter that a snow plow hit your mailbox, and you didn’t get the bill that showed up delinquent on your credit report.

The letter should use the standard business letter format, give specific details and be free of spelling and grammatical errors. A letter of explanation is also the term used for a letter written by a job seeker to a prospective employer explaining the presence of a past criminal conviction.

Essentially letter of explanation refers to interviews but also used in another context like criminal procedures. When it comes in interviews, the preparation becomes easy and you feel comfortable. Using a letter of explanation helps you prepare for the interview, feel more comfortable and the presentation will be coherent and sensible.

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