Real Estate

Verification from the bank during Mortgage Applications ( thesis on Mortgage Fraud)

  • Last Updated:
  • Dec 13th, 2020 8:18 am
[OP]
Jr. Member
Nov 2, 2017
107 posts
7 upvotes

Verification from the bank during Mortgage Applications ( thesis on Mortgage Fraud)

Good afternoon,

My thesis is on mortgage fraud, just would like to gather some information.

For those of you, who applied for a mortgage; did the bank actually verify with your employer that you were employed?

1) Did your employer notify you that the bank contacted them?

2) Your employer said nobody contacted them

*Please also state which institution you procured the loan from and if you are a first time lender*

Thanks
1 reply
Deal Guru
Feb 29, 2008
14170 posts
10489 upvotes
I’ve never asked my employer if thry had been contacted and thry never told me. Banks have always required 2 pay stubs, TD wanted to see my pay go into my account. I’ve had to provide a job letter in the past as well.

I’ve gotten loans from BMO, TD, Scotiabsnk.

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