Comment by starwind
3 years ago
> there are legitimate reasons why this system exists.
Not really.
> If you're applying for a mortgage, how do you expect them to verify your salary? You can submit paystubs, but those can be faked. Same with bank statements.
Faking paystubs and bank statements is called "fraud" and most people are pretty reluctant to commit it.
> And if a bank calls your employer to verify your salary, and they have your DoB, SSN, and home address, it's pretty likely your employer is going to tell them anyways.
I find that hard to believe. The person who answers the phones for payroll would be worried about disclosing too much and getting fired, and legal constantly tells managers to keep their mouths shut to avoid saying something that could get them sued
Also there a way less invasive ways of certifying your salary to banks. All places I have worked in the US I could automatically print a letter saying something like "we certify XXX works here with a base salary of YYY".
Bingo. Your employer will work with you when you need help getting a mortgage. Not some random person who calls and says they work for a mortgage company