In a challenging mortgage environment with high rates and soaring prices, lenders are increasingly turning to LinkedIn to glean more information about borrowers. While not an official requirement, examining LinkedIn can help fill in gaps regarding job history and employment details not fully disclosed by borrowers. Experts suggest borrowers ensure that their LinkedIn profiles match their loan applications in terms of job titles and dates, and to avoid sharing negative information that could jeopardize their chances of securing a mortgage.
It is helpful to look at LinkedIn profiles during the application process. It can give a clearer picture as to the job history, description, length of employment, locale, etc.
Sometimes, a borrower doesn't provide a full picture of what they've done for the last few years, and lenders can use LinkedIn to fill in gaps in employment.
Every detail on LinkedIn should align with what is written on a loan application. The same job titles, locations, and dates.
Borrowers should refrain from writing posts that could raise red flags, like posts about financial stress or job loss.
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