5302.3: Third-party verification service providers: employment and income verifications (07/06/17)

© Freddie Mac Single-Family Seller Servicer Guide

Employment and income verifications obtained through third-party verification service providers are acceptable. The verifications must be received by the originator directly from the third-party verification service provider. A copy of the verification must be retained in the Mortgage file and must meet the following requirements:

Employment and income verifications must contain sufficient information to determine stable monthly income in accordance with the requirements of Topic 5300
10-day pre-closing verifications (10-day PCVs) for employment must meet the requirements in Section 5302.2(d)
If the verification is completed using employment and/or income information from an electronic database, the verification must evidence that the information in the database is no more than 35 days old

If any required information is missing, the Seller must obtain additional documentation to supplement the third-party verification. The Seller is responsible for ensuring the accuracy and integrity of the information provided by the third-party verification services.

Refer to Section 5102.4 for more information about the age of documentation requirements.