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Yup, just closed. Had to provide pay stubs at the start of the process, and then again at the end to prove I was still employed. They made it very clear that we

Yup, just closed. Had to provide pay stubs at the start of the process, and then again at the end to prove I was still employed. They made it very clear that we would not have closed without that, and this wasn't even a gov backed loan.

MeinBlutIstBlau 6y ago
Yes as someone who has worked in the industry. We will call to verify your employment days before closing. You'd be surprised how many people decide to make stupid career decisions in the middle of loan financing. One guy I had quit his flooring job to become his own contractor. Another lost her job cause their restaurant burned down. I also had one lady get laid off literally the week of our closing (which was awful cause their employer didn't even mention anything to us when we requested her pay information weeks earlier). What we'd always tell the borrowers is "don't make any life changing decisions while your in this process. Do it AFTER we give you the money!"
- lotsofpulp 6y ago
  >(which was awful cause their employer didn't even mention anything to us when we requested her pay information weeks earlier). Why would an employer ever reveal this? Seems like all liability for no gain.