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Eligibility Verification
Verify employee was previously employed with the company
Confirm employee experienced a documented financial hardship, such as job loss or reduced income
Ensure financial hardship was due to extenuating circumstances beyond employee's control
Documentation
Obtain written explanation of financial hardship from employee
Gather supporting documentation for financial hardship (e.g. termination notice, pay stubs)
Review and verify all documentation for completeness and accuracy
FHA Compliance
Confirm employee has not been convicted of mortgage fraud
Ensure credit report shows no mortgage-related delinquencies in the past 12-24 months
Document that employee has completed housing counseling, if required