Wednesday, November 23, 2011

How do mortgage lenders verify school deferment letters?

Do the lenders normally contact the school to verify information on the letter, or do they take the letter as proof.How do mortgage lenders verify school deferment letters?
Because of the high level of forgery, they don't take the letters as proof.





The school does not give the deferrment...the lender who issues the student loan does.





They call the number that is listed on the letter.





So before you even think about forging a letter, understand that:





1. It's a felony.





2. Loan processors call these lenders over and over again...so if someone picks up directly and says, ';Sallie Mae';....they'll know it's not the number of Sallie Mae.How do mortgage lenders verify school deferment letters?
They double and sometimes triple check everything. They usually check everything including your job and such again just before closing.

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