How can lenders alternatively verify assets besides using a written verification of deposit?

Obtaining the most recent two consecutive monthly bank statements is an effective method for lenders to verify assets. This approach provides a snapshot of the applicant’s financial situation, showcasing the transactions and balance over a relatively recent period. By reviewing these statements, lenders can gain insight into the applicant's financial stability, account history, and the consistency of deposits, which all aid in assessing their qualification for the loan.

While the other options may offer some information, they don’t provide as comprehensive or up-to-date a view as two consecutive monthly statements. For example, examining credit card statements primarily reveals debt rather than assets, and interviewing applicants may yield anecdotal information, but it lacks the quantitative data necessary for financial verification. Additionally, obtaining only three months of bank statements may introduce outdated information and doesn’t focus on the immediate, necessary review period for asset verification.