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.
Document title
Key takeaways: Important information.
Loan number
Borrower name
Verified employer and employer contact information
If the borrower is salaried—
Context: Identifying the document.
Source and phone number independence
Borrower current employment status
Borrower position and start date
Borrower’s probability of continued employment
If the borrower is self-employed—
Context: Identifying the document.
Type of verification
Supporting evidence
On the verifier information—
Context: Identifying the document.
Processor name and signature
Verification date
Notes on this document:
The verbal verification must be dated within 10 days of the closing date.
