What are the two essential items to include on all correspondence submitted to lenders?

The inclusion of the mortgage number and possible closing date in correspondence to lenders is essential for several reasons. The mortgage number acts as a unique identifier for the loan, enabling the lender to quickly locate and associate all related documents and information with a specific borrower and their transaction. This facilitates efficient communication and processing of the mortgage application, ensuring that there are no mix-ups between different applications or files.

The possible closing date is also critically important, as it helps the lender plan and allocate resources accordingly. Knowing when the borrower aims to close on the property allows the lender to manage timelines and ensure that all necessary documentation and approvals are in place before that date. This information is crucial for coordinating between various parties, such as the borrower, real estate agents, and the title company, to achieve a smooth transaction process.

Including both items ensures clarity and precision in the navigation of the lender's processes, thereby enhancing the effectiveness of the correspondence.