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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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assets verification related definitions |
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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... 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... |
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More about assets verification
Mortgage Loan Most Bankers Won't Give May Be Exactly What You Need to Buy or Refinance Your Home Get the Mortgage Quote Your Bank Doesn't Want You to See
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