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When do they do employment verification?

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Sk323i
Regular Contributor

When do they do employment verification?

When does the lender typically do an employment verification. 

 

My offer was accepted with a pre-qual on 10/25.

 

I dont close until 1/11. 

 

My annual review is on 12/14. I expect a positive review. 

 

Obviously there is always the risk of being laid-off but all indications point to long term employment in my current position. I will be going on 3 years. 

 

I am wondering when my lender will do the employment verification -- not until closing time?

 

Also, what if I get a raise in my annual review? That will impact my application positively I think right?

 

Thank you!

 

525 score as of 9/2015 --- only way to go is up!
1 REPLY 1
DallasLoanGuy
Super Contributor

Re: When do they do employment verification?

we usually order it first thing... as soon as it goes to processing.

 

that doesnt mean we wont do a quick verbal verification the day before closing though

 

Retired Lender
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