Verification of Employment

In Jamaica, when applying for a mortgage, borrowers must provide proof of their income and employment history, typically covering the past two years. Lenders usually require evidence of stable employment for at least two years, either with the same employer or within the same industry. To verify this information, lenders will request confirmation from each of the borrower’s employers over the last two years. This verification process checks the accuracy of employment dates, income amounts, and job titles listed on the mortgage application. The completed verification forms are then added to the mortgage application file. Before the mortgage is finalized, lenders often conduct a verbal verification of employment. This involves calling the borrower’s current employer to confirm that they are still employed there, ensuring that the borrower meets the mortgage terms.