We have a customer that we were going to do a loan for, income was verfied, however right towards the end, he lost his job.
Adverse Action Letter states 'unverifiable info'.
We are unsure how to report the income and DTI. Do we go ahead and report what we originally had as the income and DTI and with it being unverifiable info that would explain that we couldn't verify his income? Or do we need to have income state -0-?
Appreciate your help!