What things should be considered when verifying income?
First, you want to think about whether it is good enough to call an employer based on the info provided by the applicant. You may need to check with a reputable listing to verify the number if you plan to call the employer yourself. If you want additional verification, consider asking for recent payments to corroborate information. If the applicant is or was self-employed you can ask for their tax return to confirm.
Related Questions
- When verifying the income of tenants with a Section 8 Certificate or Voucher, is the income verification of the housing authority acceptable?
- Are audited profit and loss (P&L) statements required when verifying income for HAMP?
- Is a telephone verification valid for purposes of verifying employment income?
