Loan Officers can document how they received consent from the borrower to obtain consumer reports to verify income and employment. This appears under “Other consumer report consent” in the application.
Consumer Report Consent for Income and Employment Verification
1. Navigate to the Borrower information section of the borrower's application.
2. Scroll to the Consent section. Use the drop-down menu to identify how the borrower provided consent (verbal, written or electronic).
3. Check the box for I have received consent to obtain one or more consumer reports to verify income and employment.
Note: The consumer report consent will be reflected in the Compliance Report.
Reverification of Income Permission
1. Click Your settings.
2. Click Setup.
Note: Only users with "Admin role" will be able to access the Role Management screen.
3. Click the Roles tab.
4. Scroll to the Verification of Income section and highlight the bubble for Permission to re-verify income.
DISCLAIMER: The features on this page may not be applicable to your institution. Please reach out to Blend Support (firstname.lastname@example.org) for more information on what features are enabled for your use.