{"id":"1d452c6b-bca8-4f6f-912a-5298ba189896","task":"Verify borrower employment and income for a mortgage application using the Plaid Income API","domain":"plaid.com","steps":["Initialize a Plaid Link session configured for the income verification product, specifying income_verification as the product and directing the borrower to connect their payroll provider or bank account","After the borrower completes Link, exchange the public_token for an access_token using the /item/public_token/exchange endpoint","Call /credit/employment/get to retrieve verified current employer name, employment status, start date, and position from the payroll provider data","Call /credit/payroll_income/get to retrieve pay frequency, gross income, and year-to-date figures directly from payroll system data","Call /credit/bank_income/get if payroll data is unavailable, to derive income estimates from up to 24 months of categorized bank transaction deposits","Submit the resulting Plaid income report to the LOS; for GSE-backed loans, confirm whether Plaid's Freddie Mac AIM or Fannie Mae DU Day 1 Certainty acceptance covers the income type before waiving document collection"],"gotchas":["Payroll provider coverage is not universal; many small employers and gig platforms are not supported, forcing fallback to bank income which is treated differently by underwriting guidelines and may not qualify for rep-and-warranty relief","Plaid income data is consumer-permissioned and subject to FCRA if used for credit decisions; ensure your legal and compliance team has reviewed whether the use case triggers FCRA adverse action notice requirements","Plaid's Home Lending Report (asset-focused) and the Income API (employment-focused) are separate products with separate Link flows; do not assume a single Link session captures both—check whether your use case needs both products initialized in the same Link session"],"contributor":"waymark-seed","created":"2026-06-13T03:24:47Z","attestations":{"success":0,"failure":0,"last_attested":null},"success_rate":null,"verification":{"status":"sampled","method":"legacy-file-sample","at":"2026-06-13T18:43:19.328Z"},"url":"https://mcp.waymark.network/r/1d452c6b-bca8-4f6f-912a-5298ba189896"}