Loan: Verbal Verification of Employment (VVOE)

The verbal verification of employment (VVOE) is a verification completed by a mortgage lender with the borrower’s employer to confirm the borrower’s employment status and income. The purpose of the verbal VOE is to ensure that the borrower is still employed and earning the income they stated on their mortgage application. The VOE is typically conducted within 10 business days of the loan closing.

On the borrower and employer information section—

Context: Identifying the document.

1. Document title

Key takeaways: Important information.

1. Loan number

2. Borrower name

3. Verified employer and employer contact information

If the borrower is salaried—

Context: Identifying the document.

1. Source and phone number independence

2. Borrower current employment status

3. Borrower position and start date

4. Borrower’s probability of continued employment

If the borrower is self-employed—

Context: Identifying the document.

1. Type of verification

2. Supporting evidence

On the verifier information—

Context: Identifying the document.

1. Processor name and signature

2. Verification date

Notes on this document:

• The verbal verification must be dated within 10 days of the closing date.