In navigating the complexities of managing home mortgages, individuals often encounter the need for detailed financial documentation, such as the Wells Fargo Financial Worksheet form. This comprehensive form serves multiple purposes, including providing a snapshot of a borrower's financial status, and is necessary for various mortgage-related processes. It encompasses sections that meticulously detail the borrower's monthly income, breaking it down into categories like salary, commissions, and bonuses, alongside co-borrower contributions, if applicable. Additionally, it requires information on assets and liabilities that give a complete picture of the borrower's fiscal health. The form further extends into specifics like monthly expenses, distinguishing between mortgage payments, rent, and other significant expenditures such as child care or automobile payments. A crucial aspect of the form is the section where borrowers must disclose the reason for any delinquency, aiming to aid Wells Fargo in understanding the borrower's situation better. Borrowers are also required to verify the accuracy of the information provided by allowing Wells Fargo to obtain a credit report. The final instructions emphasize the importance of accuracy and completeness by instructing borrowers to include their last year's Federal Tax Return and recent proof of income. This critical form, while detailed, is an essential tool for Wells Fargo in making informed decisions related to a borrower's mortgage, showcasing the interconnectedness of personal financial management and mortgage servicing.
| Question | Answer |
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| Form Name | Wells Fargo Financial Worksheet Form |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | MKT, ESOP, short, ATI |
FINANCIAL WORKSHEET
WELLS FARGO HOME MORTGAGE, INC.
LOAN NUMBER:
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Primary Insurance Certificate No: ____________ |
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MIC/LGIC No: ___________________ |
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Borrower’s Name |
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Social Security Number |
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Borrower’s Name |
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Social Security Number |
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Home Telephone Number ( |
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Work Telephone Number(s) ( |
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If necessary, who should we call to set up an appointment to appraise the property:
PROPERTY ADDRESS
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Street Address, City, State, Zip Code |
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MAILING ADDRESS (If different than property address) |
Rent Own How Long _________ |
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Street Address, City, State, Zip Code |
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I. MONTHLY INCOME DATA |
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DESCRIPTION |
INCOME BORROWER |
INCOME |
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NET SALARY/WAGES
COMMISSION/BONUSES
OTHER (IDENTIFY)
TOTAL NET INCOME
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II. |
ASSETS |
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III. LIABILITIES |
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DESCRIPTION |
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ESTIMATED |
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DESCRIPTION |
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MONTHLY |
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BALANCE DUE |
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VALUE |
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PAYMENT |
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HOME |
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MORTGAGE |
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OTHER REAL ESTATE (explain) |
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OTHER MORTGAGE/RENT |
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AUTOMOBILE |
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ALIMONY/CHILD CARE |
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AUTOMOBILE |
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AUTOMOBILE |
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CHECKING ACCOUNTS |
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AUTOMOBILE |
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SAVINGS/MONEY MKT. |
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UTILITIES (total) |
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IRA/KEOGH ACCOUNTS |
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INSURANCE |
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401K/ESOP ACCOUNTS |
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STUDENT LOAN |
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STOCKS/BONDS, CD’S |
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CREDIT CARDS (total) |
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OTHER INVESTMENT (explain) |
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OTHER EXPENSES (identify) |
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TOTAL |
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Please briefly explain your hardship or reason for being delinquent:
I (we) certify that the financial information stated above is true, and is an accurate statement of my/our financial condition. I/We understand and acknowledge that any action taken by the lender of my/our mortgage loan on my/our behalf will be made in strict reliance on the financial information provided. My/Our signature(s) below grants the holder of my/our mortgage the authority to obtain a credit report to verify the information in this financial to be accurate.
NOTICE: ATI Title Co. is a subsidiary of Wells Fargo Home Mortgage, Inc. A lender is allowed to require the use of an Attorney, Escrow Agent, Credit Reporting Agency or Real Estate Appraiser chosen to represent the lender’s interest.
By _________________________ |
Date _____ / _____ / _____ |
By _______________________ Date _____ / _____ / _____ |
FINAL INSTRUCTIONS
•Make sure you have signed and dated the form
•Include copy of your last year’s Federal Tax Return with all attachments
•Include copy of your most recent paystubs or proof of income if