Certain loan applicants are required to submit documents such as pay stubs, W-2 forms, or other tax records that verify the income stated in their loan request. We collect these documents after the posting of a loan request but before the loan is issued.
We may also attempt to verify the income of these applicants by electronically checking their income data through a third party provider. If applicants fail to provide satisfactory information in response to an income verification request, or if we cannot electronically verify the income of select applicants, we may remove the loan listings or request additional information from borrowers.
Learn more about income verification.