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What is income verification and why do I need to do this?

Automated income verification from The Closing Docs is a process to verify the amount of income you receive using data directly from your bank. Since we connect directly to your bank, there is no chance of pay stub fraud, unlike uploading documents like bank statements and pay stubs where anyone with photoshop can alter their income.

You connect your bank account through our secure service by signing into your bank using your online banking credentials. We never gain access to your account. We use your login credentials (that we never see) to prove that you are the owner of the bank account and to pull your income history for the past year. After that, we immediately delete all of your data off our servers.

You can learn more about how the process works here.