What will the lender check the day of closing?

Frequently, the lender will recheck your employment one more time on the day of closing.

Additionally, they may run a supplemental credit check to verify that you have not obtained any new credit just prior to closing.

These steps are all attempts to keep mortgage fraud to a minimum and to make sure the loan is acceptable to the purchasing entity like Fannie Mae, Freddie Mac and FHA or VA.

Learn more: Closing Related Questions

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