Simulation 1
Simulation 1
Embedded Files
Simulation 1: Borrower Info Spot Check (1003-style review)
Simulation 1: Borrower Info Spot Check (1003-style review)
Goal: Spot missing information and inconsistencies that should be flagged.
Time box: 5–10 minutes
Scenario (application / file notes)
Borrower name (application): Maria Jane Sample
DOB: 02/14/1994
Marital status: (blank)
Current address (application): 123 Main St, Tampa, FL 33602
Time at current address: 6 months
Employer: ABC Dental Clinic
Position: Admin Assistant
Start date (application): 06/2024
Monthly income (application): $4,500
Email (application): maria.sample@example.com
Supporting “documents” (simulated)
Training ID Sample (image)
Full Name: Maria Jane Sample
DOB: 02/04/1994
Address: 123 Main Street, Apt 2, Tampa, FL 33602
File Ref No.: S-000-000-000-000
Issue/Exp: 07/07/2023 – 07/07/2028
Paystub (simulated note)
Employee name: Maria J. Sample
Employer: ABC Dental Clinic
Start date: 05/2024
Income shown: $4,200 gross monthly equivalent
Pay frequency: Bi-weekly
Bank statement (simulated note)
Mailing address: 123 Main Street Apt 2, Tampa, FL 33602
Task
List at least 5 items you would flag to the Loan Officer or Processor to confirm or correct.
VA boundary: You flag and summarize. The LO/Processor decides next steps.
Tip: Compare the application vs each supporting doc. Flag inconsistencies, missing details, and timeline issues.
How to answer (use this format):
How to answer (use this format):
Write your flags as short bullets:
FLAG: what you noticed
WHY: why it matters
ASK/VERIFY: what you want the LO/Processor to confirm
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