How does the underwriter verify employment? Do they call, send letter, and what do they ask for the employer to verify?
I ask this because we are supposed to have closed by now but its still in extension because underwriting is having issues with something else. We were supposed to close the 4th...now it's postponed. I had planned to go part time once closing was done in order to take an additional job...so I will still work at my present employer but condense it to 2 days a week so I can work 3 days a week at the other place.
My current place is aware of my plans come September but now I am afraid to turn in the official change of status form because I do not want to go part time until after we close. Even though I will actually be making more $$$ with having both jobs then I make currently since our hours are cut. Currently I work about 23 hours a week even though I am still considered full time yet work part time hours. Once I pick up my 2nd job I will work a total of 42 hours with both jobs combined
Sorry this is long but I guess my final question is....if by chance we can't close until September should I notify the mortgage company about my additional job or will it hurt our chances of getting the mortgage???