2007-02-17 15:46:25 · 4 answers · asked by shelly4152564 1 in Business & Finance ➔ Credit
To verify your employment they check tax returns and paystubs for proof of continous employment. Then just prior to sending closing docs to escrow, they call your employer, and re pull your credit report.
2007-02-17 17:18:11 · answer #1 · answered by Myron 4 · 1⤊ 0⤋
Normally, they will require paystubs, W2's and then the day that your loan is closing, they will call your employer and do a verbal verification of employment to verify that you haven't lost your job since the beginning of the loan process.
2007-02-18 01:19:35 · answer #2 · answered by kelly h 3 · 0⤊ 0⤋
A pre-approval does not mean you will get the money, just that they think they might lend you the money. They are basing this on what you are telling them, they may change their mind after they research you further. You need a pre-approval letter to make a bid. If you have that you are OK, just make sure you have your bid contingent on you obtaining an actual loan.
2016-05-24 00:39:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
They usually call your place of employment.
2007-02-17 15:56:14 · answer #4 · answered by Mom of Three 5 · 0⤊ 0⤋