Verification of Employment & Income

Please note that NFTYDoor uses a third-party vendor to confirm employment. They have programmatic access to many employers*

• For W2 applicants, the borrower must have at least two pay stubs and a W-2
  • Paystubs MUST be uploaded through Truv for compliance reasons
• For self-employed and retired borrower, the borrower must use either personal tax returns or Plaid or Truv for the personal bank account income.

If the PLAID and Work Number are unsuccessful, the ability to upload the documents will be available to both the broker and the borrower; however, this can only be utilized if the borrower has been prompted to do so. Paystubs MUST be uploaded through Truv for compliance reasons

INCOME TYPES

For bank statements - PERSONAL BANK STATEMENTS ONLY

• The system may look up to as little as 2 months up to 24 months
• If a manual review is required, we will not review bank statements, only tax returns and income documents
• CashApps, such as Zelle, PayPal, Venmo etc., MAY be calculated if there is a reoccurrence on the payment. One time payments will not be calculated.

For rental income - PLAID will review the rental income

• If the rental income is not able to be verified, 2023 tax returns will need to be provided for review

For self-employed borrowers - income will be verified by PLAID or tax return manual review 

• If the borrower is on an extension they can provide the extension documents for review, as long as PLAID does not link.

*While their coverage is 90%, there may be a situation where we will need to do a manual review.

**If you have questions or run into any issues with linking the accounts, please reach out to us at support@nftydoor.com.