what do Mortgage companies say when they verify employment?

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Icon Mini Profile smudgespot

Joined: 31 Jan 2010

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Post Posted: Sun Jan 31, 2010 3:30 pm    Post subject: what do Mortgage companies say when they verify employment?

I'm in the beginning stages of getting a loan for a house out of state.
I understand they call or mail your place of employment to verify income.
Thats not a problem.
The problem is I don't want them to tell my employer they are calling or writing from out of state.
THe last thing I want on earth is for the people at my job to know I'm moving across the country.
What do they say when they call?
The information I gave them is valid and true--I just don't want them to tell my boss they are calling from the other side of the country.
I also don't wanna raise any flags with the mortage company.
Thanks in advance
Icon Mini Profile savior70

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Post Posted: Mon Feb 01, 2010 3:39 am    Post subject:


The mortgage company will verify your employment and income before approving the loan. They will get in touch with your current employer. However, they are not supposed to disclose your personal information to your employer. Thus, it's unlikely that the mortgage company will tell the employer where you're buying the home, how much is the loan amount, what your credit scores are, etc.

Post Posted: Mon Feb 01, 2010 9:42 am    Post subject:

Thank you so much for the response.
I work for a small company {50 people} what if my bosses secretary asks what the call is in refrence to?
Is the lending company obligated BY LAW not to disclose what is the true nature of the call?
Sorry for all the questions but the rest of my life is riding on me leaving NYC.
Quick side note for all those looking to move to Manhattan {where I've lived since birth---40 years ago.
....once you hit 40--Manhattan gets HARDER and HARDER to live in.
It's great when your young----
Afterwards it's all too much.
Icon Mini Profile gmakerley
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Post Posted: Mon Feb 01, 2010 3:40 pm    Post subject:

i can't think of any reason why a lender would divulge the property information when they do a verbal verification of employment. borrowers can use lenders from anywhere in the country to do their mortgages, so the location of a lender isn't anything that ought to trigger an odd response from your employer.

i say, "don't worry."

George M. Akerley
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Icon Mini Profile raymond
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Post Posted: Mon Feb 01, 2010 5:11 pm    Post subject:

>>What do they say when they call?

Right before your loan funds, literally, your employer will receive a phone call from the Lender, confirming you're still employed. That's all they want to know - they're not interested in anything else.

Raymond Denton


Post Posted: Tue Sep 28, 2010 4:14 pm    Post subject:

What is the answer if they are calling the military and the military personnel will be ending their contract soon?
Icon Mini Profile sara

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Post Posted: Wed Sep 29, 2010 2:56 am    Post subject:

Hi wedwards,

Your query is not clear to me. It will be better if you could explain your query in details. This will help me as well as other members to give you their suggestions.

Take care.
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