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Received Settlement

New Contributor

Received Settlement

I just got a settlement check from my attorney regarding a case against my previous employer. My question is can I deposit the check without it being a big deal? It's only 4K but I would love to use some of the money to get a fireplace. This is my second week of underwriting so I don't want to mess anything up.
2 REPLIES
Established Contributor

Re: Received Settlement

This money can be easily sourced by underwriting so I would deposit the check and inform underwriting.


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Current Score (Lender Pulled):TransUnion: 684 (12 SEP 2016), Equifax: 696 (12 SEP 2016), Experian: 679 (12 SEP 2016)
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Moderator

Re: Received Settlement

Make a copy of the check and the deposit slip too in case the underwriter needs it. Call your LO to see if there is anything else they would need for this extra deposit. Otherwise you won't be able to count the funds.