Financing in Copperas Cove>Question Details

Ditressed, Home Buyer in Killeen, TX

how do underwriters verify information?

Asked by Ditressed, Killeen, TX Sat Jun 12, 2010

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Robin Silverberg’s answer
There are numerous ways that an underwriter will verify information, and most likely, if you are trying to hide something, they will find it. Most lenders now exercise your signed 4506T form to access your tax returns from the IRS. They will also use something called Lexis/Nexis to find out other information such as whether you own additional properties. They will google, use a reverse directory, you name it, they will find it out. Is there something in particular that you are worried about them finding out?
0 votes Thank Flag Link Sat Jun 12, 2010
A mortgage underwriter will send written verifications to for employment and may even call the HR department just prior to giving the final ok for teh loan. They also verify down payments sources, bank accounts and tax returns through their sources.
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0 votes Thank Flag Link Sat Jun 12, 2010
They do it via skip tracing, title searches, etc.
0 votes Thank Flag Link Sat Jun 12, 2010
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