Which document can indicate a borrower's ability to manage current financial accounts?

The Verification of Deposit is a crucial document that provides a snapshot of a borrower's financial accounts, such as savings and checking accounts. It typically includes information like account balances, transaction history, and the length of time the accounts have been open. Through this document, lenders can assess how well a borrower manages their finances, specifically their ability to maintain and grow their savings, as well as their overall financial stability.

By reviewing the Verification of Deposit, lenders can determine if the borrower has sufficient funds for the down payment, closing costs, and reserves. Additionally, having a consistent saving pattern and adequate balances can indicate responsible financial behavior, which is an essential factor in evaluating a borrower's creditworthiness. This information is pivotal in helping lenders make informed decisions about offering a mortgage loan.