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Rental Verfication

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MEE2Too
Valued Member

Rental Verfication

Good Afternoon, I'm back again with yet another question! Smiley Happy I wanted to find out if underwriters are verifying 12 months of rent payments? That wasn't one of the requirements when we re ran all of the final numbers through the Auto underwriting system and I everything was approved. The reason why I'm nervous is because although I currently pay my rent on time and I'm current I have had late payments with-in a 12 month period.
Message 1 of 3
2 REPLIES 2
DallasLoanGuy
Super Contributor

Re: Rental Verfication

underwriter discretion usually.

 

we never ask for it to be verified unless there are no 'significant' pmts showing on the credit report.

 

 

Retired Lender
Message 2 of 3
DallasLoanGuy
Super Contributor

Re: Rental Verfication

ask your loan officer.

 

Retired Lender
Message 3 of 3
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