December 17, 2024 at 11:26 pm

Loan Officer Demands Proof Of Hundreds Of Cash Deposits, So Business Owner Delivers Over Seven Hundred Photos In Response

by Heather Hall

Source: Reddit/Malicious Compliance/Pexels/Pixabay

Not every job involves neatly organized pay stubs or direct deposits, and that can make certain processes, such as applying for a home loan, a little trickier.

So, what would you do if your bank demanded proof of income for hundreds of cash deposits from your business?

Would you find a concise way to get the info to them?

Or would you submit it one receipt at a time?

In the following story, one business owner finds themselves dealing with this exact request.

Here’s how they handled it.

Proof of deposits for home loan…you asked for it

I own a Flea and Farmer’s market, all cash from booth rentals.

I’ve been in business for 40 years, and it’s a S Corp business.

I’m buying a home, and they can’t understand why I’m making large cash deposits and want proof of some of the deposits.

You got it!

Be careful what you wish for.

We use a standard 4 receipts per page book and get a lot of 10 and 20$ receipts.

To give them what they want, I separate every page into single receipts, take pictures, and upload them to the loan company—over 700 pictures total.

The loan is approved.

Going through those photos must have taken a long time.

Let’s see what the fine folks over at Reddit had to say about this.

A criminal attorney went through a similar process.

Source: Reddit/Malicious Compliance

This person compares buying a home to an invasive exam.

Source: Reddit/Malicious Compliance

According to this comment, there’s a lot of money in the flea market industry.

Source: Reddit/Malicious Compliance

Here’s advice from a mortgage underwriter.

Source: Reddit/Malicious Compliance

Yet another underwriter offering insight.

Source: Reddit/Malicious Compliance

You gotta do what you gotta do – and it’s not always pretty.

Glad he was able to provide all the receipts and get his loan approved!

If you liked that post, check out this post about a woman who tracked down a contractor who tried to vanish without a trace.

Heather Hall | Contributing Writer, Life & Drama

Heather Hall is a contributing writer for TwistedSifter specializing in internet culture, workplace conflict, and viral customer service stories. With over a decade of editorial experience in digital publishing, Heather excels at curating trending online discussions and providing insightful commentary on the daily dramas that capture the internet's attention.

Since beginning her career in 2011, she has developed deep expertise in SEO-driven digital content, having written for a wide array of publications covering lifestyle, business, and travel. At TwistedSifter, Heather focuses on synthesizing complex social media threads into engaging, highly readable narratives that highlight the human element of viral news.

When she isn’t analyzing the latest internet discourse, Heather is a dedicated mother of three sons who takes family gaming nights entirely too seriously—whether she is dominating in Mario Kart, exploring The Legend of Zelda, or jumping into Roblox.

Connect with Heather on Facebook and LinkedIn.