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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... Credit Reports and Credit Scores November 24, 2004 What Is a Credit Report? A credit report is a report from a credit bureau containing detailed information bearing on credit-worthiness, including the individual's credit history. A typical credit report includes the following: Personal information. ... more... |
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verification of deposit form 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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