The No Doc loan is usually a combination of the No Asset Verification (NAV) and No Income Verification (NIV) loan programs. As with both programs, the source of the assets and the exact income amounts are not verified or documented. Instead, the borrower merely documents and verifies the existence of the assets and duration of the employment. For more information, see the "No Income Verification" and "No Documentation Programs" articles in the "Loan Programs" section.
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