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Due to close escrow soon but I just lost my job

closing next week. do I need to tell my lender? by jshirley733 from Cottonport, Louisiana. Sep 25th 2020 Reply


Yes. Immediately. They will verify employment the day of closing and it will all blow up.

Sep 25th 2020
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David CARTER (david@nolamortgage.com)
#31 ranked lender in Louisiana - 1 contribution

Final Verification's of Employment are now done on my end 24-48 hours before closing. You will need to get a new job and more than likely 30 days pay stubs. Good Luck.

Sep 25th 2020
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Brian Daube (Bdaube)
#29 ranked lender in Louisiana - 2 contributions

Yes, you are going to need to notify your lender.Thank you

Sep 25th 2020
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

First of all, I am so sorry about your losing your job, but you must tell your lender. Try and get re-hired or find yourself a new job, preferably in the same field and you may be able to get a revised approval after your first full paycheck. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in Arizona, California, Georgia, Oregon, and Washington. Need help in other states? We've got you covered. NEXA Mortgage is licensed in 46 states ~ www.ApplyYes.com 480-889-9000.

Sep 25th 2020
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