My Account
Sign up, and CougarBoard will remember which categories you want to view.
Sign up
Report problem with this ad
Start a related thread
Start a related poll
Reply via Boardmail
Jun 1, 2020
3:13
:31
pm
Hank Rearden
Truly Addicted User
Not to make light of your predicament, but reminded me of a time a fellow middle manager was fired the day his loan was
supposed to close, on a house he was building. Sucked for him but everyone of us who worked with him silently cheered.
This message has been modified
Originally posted on Jun 1, 2020 at 3:13:31pm
Message modified by Hank Rearden on Jun 1, 2020 at 3:18:15pm
Start a related thread
Start a related poll
Reply via Boardmail
Report problem with this ad
Hank Rearden
Previous username
Twinblue
Bio page
Hank Rearden
Joined
Jun 9, 2003
Last login
Mar 29, 2024
Total posts
34,451 (4,525 FO)
Report problem with this ad
Messages
Author
Time
Anyone doing a Refi have their lender get weird about employment verification?
Memmo
6/1/20 2:16pm
I haven't experienced this, but I am a lender. This is the new reality. Banks are freaked out and requiring assurances
Pimpin4Paradise
6/1/20 2:22pm
And companies are giving it?
Memmo
6/1/20 2:22pm
Yeah if I was a company no way I would sign something saying that.
cougarfann888
6/1/20 2:24pm
Not necessarily. It's a box that we have to check off, but if we get information that is concerning it could be a
Pimpin4Paradise
6/1/20 2:24pm
Just closed on a refi, and they did two separate employment verification checks.
Philosoraptor
6/1/20 2:24pm
That's fine. But did they ask your employer to certify that you'd continue
Memmo
6/1/20 2:25pm
Yes.
Philosoraptor
6/1/20 2:26pm
It's sad there are people who would lose their jobs in the middle of getting a
SandYFan
6/1/20 2:27pm
I think it’s one thing if you are buying but if you are refinancing I would
cougarfann888
6/1/20 2:33pm
Hmm good point. I still think it's sketchy to do that.
SandYFan
6/1/20 2:34pm
Same here, with a broker I’ve used before
TwinsRight
6/1/20 2:29pm
Lots of lender overlays right now
Linescratcher
6/1/20 2:29pm
They just wanted to know I was still employed within 48hrs of closing. But didn't need to sign off on anything nor state
TheLoneCougar
6/1/20 2:45pm
Same here.
agentx
6/1/20 3:23pm
I had to sign a bunch of paperwork stating that my employment hasn't or wouldn't
LaserCoug
6/1/20 3:11pm
Not to make light of your predicament, but reminded me of a time a fellow middle manager was fired the day his loan was
Hank Rearden
6/1/20 3:13pm
My employer would never sign anything like that, even if it's true
bythenumbers
6/1/20 4:00pm
Most HR's will only give a letter that you are employed. If a company gave
Iguazu
6/1/20 4:46pm
Exactly. Our HR would never allow this.
bythenumbers
6/1/20 4:53pm
Standard instructions with most Fortune 500s is verify title and employment date
Forzaitalia
6/1/20 5:22pm
Very common.
mulletino
6/1/20 7:58pm
Well according to this thread it always and never happens.
Memmo
6/2/20 8:34am
Very common under current COVID circumstances.
mulletino
6/2/20 8:37am
Will lenders work with me if the Company won't sign it? I can make a pretty
Memmo
6/2/20 10:45am
Yes, we've found ways around it.
mulletino
6/2/20 10:46am
I think it might be common to require this
bythenumbers
6/2/20 8:46am
Report problem with this ad
Posting on CougarBoard
In order to post, you will need to either
sign up
or
log in
.
Report problem with this ad