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What Are Mortgage Documentation Requirements?
5 October 2005 What Does Mortgage Documentation Consist Of? A lender?s "documentation requirements" stipulate a) the information about income, assets and employment that must be provided; b) whether and how this information will be used by the lender; and c) ... more... Common Questions About Mortgage Brokers May 4, 1998 "What do mortgage brokers do?" A mortgage broker is an independent contractor who offers the loan products of multiple lenders who are called "wholesalers." A mortgage broker counsels ... more... |
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employment verification related definitions |
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Verification of Employment, VOE
Verification of Employment, VOE A document requested by a lender and signed by a borrower's employer as indicated by the borrower, verifying his/her position and salary. The applicant must sign this form (Form 1005) to authorize his or her employer to release the ... more... Verification of Deposit Verification of Deposit A document requested by a lender and signed by a borrower's financial institution that verifies the balances of the borrower's financial accounts. Verification of Deposit or VOD should be completed by bank to verify borrower's current and average bank ... more... |
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More about employment verification
Self Employed Mortgage Loans - A Survival Guide Ten Things a Mortgage Processor Must Know to be Effective Get the Mortgage Quote Your Bank Doesn't Want You to See
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