Income evidence that survives a file review
What holds up when reviewers test stated income inside loan origination applications for retail and SME credit.
Bank statements that stop two months before application date invite questions. So do SME financials that are unsigned, undated, or obviously photocopied from a prior facility without a fresh accountant letter when policy requires one.
During underwriting file review we reconcile the credit memo’s stated monthly income to the documents on file. Gaps smaller than a rounding difference rarely matter; gaps that change debt-service ratios do.
A site visit note can compensate for thin paperwork — but only if the note records what was observed, who visited, and when. “Seems fine” is not evidence.