Verification of Employment

  • “I can't tell you how much we've appreciated working with Partners and especially our Account Representative. Your team has made the idea of home ownership accessible to many of our clients with the extra services your company provides.”
    — J. Mottashed, Alpine Mortgage Planning
  • “Province Mortgage Associates, Inc. has been with Partners Credit for over 5 years. In that time, we've found their innovative products and customer service to be #1 year after year. Thank you Partners Credit!”
    — C. Amaral, Province Mortgage Associates, Inc.
  • “Partners provides great service and our sales representative is very hands on.”
    — R. Ward, Pinnacle Capital Mortgage
  • “Our company loves using Partners Credit. The reports are easy to read and our requests are handled quickly and professionally.”
    — VP Consumer Direct Lending, Phoenix, AZ
  • “The customer service is always above and beyond our expectations! Thanks for all that you do!”
    — J. Mottashed, Alpine Mortgage Planning
  • “I appreciate how simple the invoices are and the fact that they have been customized with the detail I need.”
    — R. Ward, Pinnacle Capital Mortgage
  • “We switched to another credit company and we literally had people threaten to quit and we switched back within 30 days.”
    — VP Consumer Direct Lending, Phoenix, AZ

Protect yourself against borrower misrepresentation and unknown changes in employment status

Verification of an applicant’s employment status is a must for avoiding borrower fraud and complying with ability to repay and qualified mortgage regulations. Do you really know how much your borrower makes? Is he/she still gainfully employed? Will your borrower have the ability to pay the monthly fees?

Tax Return Verifications are an effective way to prove an applicant’s income, but are limited to the previous year’s income, and in some instances two years prior. For this reason, many lenders now require a VOE two times during the origination process: during the application for loan approval and prior to loan closing as proof that the verified source of income still exists.

The Partners expert processing team will:

  • Verify the existence of the employer’s business
  • Verify business phone and address
  • Confirm job title
  • Confirm employment date range, incl. date hired
  • Confirm eligibility for rehire
  • Verify salary
  • Thoroughly document all calls with notes on dates, times and who was spoken to

While not all employment information may be available, Partners will try to get as much detailed information you are looking to receive about your applicant as possible. The VOE follows the same Partners easy to read credit report type format, and details all messages and interactions with the applicant’s employer, creating an audit trail which means a trustworthy verification that you can count on.

Partners also has relationships with major data collection sources in situations where a verbal verification with an employer is not possible.

We understand that time is critical, and that many verifications must be done only a few days prior to closing. With Partners, you can count on a reliable, accurate VOE to be returned typically within 24 – 48 hours.