If a verification request has been submitted through Truework within the last 90 days, you are now able to reverify the employees employment information directly through your dashboard. See how to submit reverifications here!
Reverifications are key in helping lenders remain in compliance with underwriting requirements, and are imperative for government sponsored entities—otherwise known as GSEs—to combat fraud and uncertainty within the mortgage industry.
In today’s climate, reverifying employment has increasingly become a must-complete step before funding. Due to COVID-19, lenders have been facing stricter requirements than ever; with most needing to re-verify employment between 3 to 10 days before the loan closes.
Please note that we do not reuse verification information for reverifications, we always pull information again to ensure accuracy.