The $99 Income & Asset Verification Fee covers secure electronic verification of financial information used to support your mortgage loan application, including available income, employment, bank account, balance, and transaction information.
Electronic verification can help reduce the need to manually submit bank statements, pay stubs, and other supporting documents.
Important Disclosure: Not all financial institutions, account types, employers, payroll providers, income sources, or verification services may be supported or available electronically. Additional documentation or alternative verification methods may be required to complete your loan file.
Payment of this fee does not guarantee loan approval or constitute a commitment to lend. Additional documentation may be required based on your loan program and underwriting requirements.