Title: Donald Trump on H1-B Visa Crackdown: What We’re Seeing from Borrowers
Yeah, the hoops are getting ridiculous. I had a deal last month where the lender wanted a letter from HR, then a separate one from the direct manager, and then a third one because the date format was “unclear.” Like, come on—how many ways can you say someone’s employed? I get the need for due diligence, but it’s starting to feel like they’re just looking for reasons to stall. Not sure if it’s politics or just lenders covering themselves, but it’s definitely not what it used to be.
It’s gotten way more tedious, I agree. Lenders are definitely tightening up on documentation, especially for H1-B borrowers, and it’s not just politics—there’s a lot of risk management going on behind the scenes. I’ve seen files kicked back over tiny inconsistencies, like a middle initial missing or a date written as “03/06/24” instead of “March 6, 2024.” It’s frustrating, but I think a lot of it comes down to underwriters being extra cautious with anything that could be flagged in an audit. If you can, try to get HR and managers to use the exact same language and date formats. It won’t solve everything, but it can cut down on the back-and-forth.