Income verification, how do you spot the fake pay stubs ?

[Kiet N.]

I ran across some ads on Craigslist regarding "novelty documents" service which provides pay stubs.

Have you seen any of these in from rental prospective applicants ? How do you spot them ? Thanks !!!

[Terry Lao]

@Kiet N.

I did mortgage banking for about 4 years. Yes, it happens on loans. Yes, people got to jail for mortgage fraud. It is a federal offense.

In above question, how do you spot? if person submits fake stubs, then ask them for their bank statement to see it hitting their bank. For example, person is paid $2000 paid via check or direct deposit. Then when it hits their bank, then it show as deposit line item.

Also, I would ask them for their bank statement to see cash reserves, and not tell them to confirm pay stub.

Terrence