"Let me double check", that should probably be one of my tag lines for my business. Why do I say that? 
Well, everything that we do is double checked at least once, and sometimes even more. For example, a borrower sends us a copy of their Federal tax returns then we request a copy of their transcript directly from the IRS. Do they match? If yes, great, if not time to ask for more questions.
A borrower sends in bank statements, we may ask for a verification of deposit. A borrower provides us with their employment information by sending a copy of their W-2 and pay stubs, we will ask for a verification of employment. A borrower answers the declarations questions on the application, we will check for any bankruptcy and foreclosure filings through the court system.
Oh, and if that borrower applies for new credit during the process, we will find out about that too!
Now, some may say this is an invasion of privacy. In fact, you are receiving a loan and the investors are trying to insure that they receive payment.
All of this is done to confirm that the information provided is accurate! Why? This is one way to detect mortgage fraud.
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