If the Borrower has changed jobs more than three times in the previous 12-month period, or has changed lines of work, the Mortgagee must take additional steps to verify and document the stability of the Borrower’s employment income. Additional analysis is not required for fields of employment that regularly require a Borrower to work for various employers (such as Temp Companies or Union Trades).
The Mortgagee must obtain:
• transcripts of training and education demonstrating qualification for a new position; or
• employment documentation evidencing continual increases in income and/or benefits.
For additional information see Handbook 4000.1 II.A.4.c.xi(A) or II.A.5.b.xi(A) available at: https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh