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The video tutorial provides guidance on formatting a hardship letter to expedite the financial hardship verification review process. It emphasizes the importance of clearly conveying a genuine financial hardship and linking it to the reason for defaulting. Key tips include keeping the letter to a maximum of one page, ideally shorter, to accommodate the lender's limited time for processing multiple files. The goal is for the bank processor or negotiator to easily understand the situation and move the application forward to the next phase.