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Do underwriters call landlords for rent verification?

by slater.tm675 from Hartford, Connecticut. Mar 27th 2014 Reply


Melissa Mason (mmason)
#8 ranked lender in Connecticut - 23 contributions

No that is usually done by a credit company (3rd party) unless something in the report looks suspect they may call personally

Mar 27th 2014
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Mona Hulteen (mhulteen)
#22 ranked lender in New Jersey - 49 contributions

Underwriters, will look at verification of rent forms from a major rental complex. If it is a private landlord, they will want to see the last 12 rent checks indicating a payment on time for 12 months.

Mar 27th 2014
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

Not usually. The rent is generally verified by 12 months cancelled checks/bank statements or possibly a VOR/Verification of Rent.

Mar 27th 2014
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

only If you have limited credit references.. if you have 8, 10 or more credit references on your credit report and they are all paid on time and as agreed, then it's unlikely the lender would require a verification of rent.. however, if you have limited credit or low credit scores, then it's very possible they would require a rent verification.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Mar 28th 2014
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John Moran (SimplifyMortgage)
#7 ranked lender in Arizona - 663 contributions

Rent payments are typically verified by a VOR - Verification of Rent. A phone call is not usually involved. For private landlords, canceled checks may be required.

Mar 27th 2014
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Casey Hansen (CaseyHansen)
#1 ranked lender in Pennsylvania - 135 contributions

Most lenders require a Verification of Rent form to be completed by the landlord showing no late payments in the past 12 months. This would include the landlords signature and phone number.

Mar 28th 2014
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Underwriters don't call anyone... but as part of the process, it is very common for the loan processors to send verifications to banks, employers, and even landlords... www.TwinCityHomeLoans.com

Mar 28th 2014
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Edward Fallon (edfallon)
#89 ranked lender in Pennsylvania - 143 contributions

The mortgage company typically will contact the landlord, either themselves or through a third party service, to obtain a payment history. This may be done in several ways. In lieu of that, you may provide cancelled checks for the past 12 months.

Mar 28th 2014
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