Kissimmee, FL asked in Real Estate Law and Banking for Florida

Q: My case is failing bc the employment verification from P.E.O says my hiring date with them is too recent. What can I do?

3 years ago I started working for a small company. Eventually, more people joined and my boss hired a company to do the Human Resources (hired a professional employer organization ). The problem is that I've been trying to buy a house but I became a leased employee LAST YEAR (2 years after I started at my original company).

When the bank asked for an employment verification letter to the Professional employer organization, the agent sent the letter with the hiring date since the P.E.O took me in with them as a leased employee.

The bank now is threatening to end my case (at the closing) because "I've been working in the same company for under a year".

Considering that I started doing and working as I do for the last 3 years, and knowing that the P.E.O is only a 3rd party that does human resources, deposits, and W-2s. What can I do to fix this missunderstanding? Who has the responsability to prove the bank that I've been working for the same company for 3 years?

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1 Lawyer Answer
Alex McClure
Alex McClure
  • Business Law Lawyer
  • Lake Mary, FL
  • Licensed in Florida

A: You are the one wanting the loan, so its up to you to prove to the satisfaction of the lender your employment situation.

That being said, you should be able to produce your tax records, employment records, letters from the employer, etc. to show your income and steady employment history. It may be some more hoops to jump through, but its not uncommon for someone to be in your situation.

Be persistent, polite, and patient with the bank. Understand they are under no obligation to loan you money. You should eventually be able to gather documentation and proof to their satisfaction to get the OK.

Hope this helps.

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