Medicare is going to be issuing new cards starting in April 2018. ALL Medicare recipients will be issued new cards automatically. Due to identity theft concerns, etc. a person’s SS # will no longer appear on his/her Medicare Card. A person’s NEW Medicare Card will not be a viable way to verify a borrower’s Social Security Number.
Sample NEW card:
To see the information directly from the Medicare page, click here
During the course of mortgage underwriting, we are required to obtain sufficient evidence of each person’s Social Security Number (SSN) and this is put into the Case Binder for FHA insuring.
We can obtain one of the following documents to verify SSN:
Social Security Card / Social Security 1099 / W-2 / Paystub
Medicare card (OLD-if it has the SS# on it)
SSA verification, along with some other proof of SS#
Please prepare in advance of your applications to document the SS# of each person, as this could now take a little longer if the person needs to request a replacement SS card.
Ed O’Connor, Marketing Manager