In today’s mortgage landscape, where high rates and home prices dominate, lenders are intensifying their scrutiny of borrowers. While traditional documents like bank statements and tax returns remain pivotal, some lenders are extending their searches to social media. Kevin Leibowitz of Grayton Mortgage highlights that professional platforms like LinkedIn are useful for verifying employment and spotting discrepancies in borrowers’ narratives. Additionally, underwriters may examine a borrower's digital footprint if there are red flags in their application, emphasizing the importance of consistency in online profiles with loan applications.
With high mortgage rates and home prices, lenders are scrutinizing borrowers with increased intensity.
While lenders may not be scrolling through your Instagram feed or Facebook posts, they are increasingly turning to professional platforms like LinkedIn.
Sometimes, a borrower doesn't provide a full picture of what they've done for the last few years; this isn't necessarily ill intended or an avoidance.
LinkedIn should be consistent with your loan application, matching job titles, employment dates, and locations.
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