Also - are you opting to report HELOCS? If so, then be sure to only report the amount the applicant indicated will be used for Home Improvement, so yeah.., you have to get documentation to support that.
Or - you can choose to not report HELOCS at all, and then you don't need GMI on any of them.
_________________________
CRCM,CAMS
Regulations are a poor substitute for ethics.
Just sayin'