If you had two identical properties, with identical values, bills, mortgage, DP, repairs. etc...  

I know personally that income verification and employment history is irrelevant when it comes to those type of clients. 

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

Actually, banks are definitely lending, just not compared to the way they were back in 2005 when you could get mortgages with no income or asset verification.

And - as MSHB provided me what appears to be the whole onboarding package yesterday (except for the credit report - if any - but I don’t want it anyway,) the page titled “Rental Verification” (and is apparently for prior landlord to fill out during the verification process) is absolutely devoid of any information.Therefore, I just don’t know how else to answer your question about whether they did a background check on this tenant, other than to say: Not likely - based on the “evidence” I have been given so far.All I can say is that, just as you stated, some of the blanks in the app, and especially in combination, and especially in combination what what I can only imagine must have been on the credit report (I am speculating, but basing on personal experience,) should have raised a number of red flags.I may or may not bring up these concerns to MSHB (probably will.)

I have been doing a lot of research about the new 506(c) third party verification services of late.

I have been wanting to start an identical model here in Texas for quite some time.Combining wholesaling strategy with the turn key stuff would be nice as well.

How much will the credit score drop when pulled for tenant verification purposes?

Obtaining a verification of employment, deposit, credit report as well as other documents will establish a loan file.

Either the applicant is using someone else' identity and doesn't know the answers or someone has stolen their identify and done things the applicant is unaware of.