Verbal Verification of Employment Template

Frequently asked questions

• What is Verbal Verification of Employment Template?

  A Verbal Verification of Employment is used by lenders to confirm that a borrower remains employed shortly before a mortgage or loan closes. Rather than relying solely on written documents provided earlier in the application process, the lender contacts the employer directly and records the details of the conversation. The form captures employer contact information, the identity of the person verifying employment, the employee’s job status and the date of the verification call. This process helps lenders ensure that the borrower’s employment situation has not changed between the loan approval stage and final funding. Maintaining a written record of the verification call provides documentation that the lender performed this required employment check.

• Who needs to fill in Verbal Verification of Employment Template?

  The form is typically completed by a lender, loan officer or mortgage processor who performs the verification call with the borrower’s employer.

• Where do I submit my Verbal Verification of Employment Template?

  The completed form is retained in the lender’s loan file as part of the borrower’s mortgage documentation.