Verbal Verification Of Employment
Right before you close, a lender confirms you are still employed. Here is how the verbal verification works, when it happens, and why it matters not to change jobs mid-loan.
What the verification confirms
The final check before you close
- That you are still employed at the same job
- The name and title of the person contacted
- The employer’s address on record
- For self-employed borrowers, that the business exists
- Direct deposit patterns, when used to reverify income
- That the check happened close to the note date
Confirmed before closing
A quick employer call
Timing is tight
Self-employed included
Direct deposits can count
Keep your job steady
What A Verbal Verification Is
A final check that you are still employed
A verbal verification of employment, or VVOE, is the lender’s final confirmation that you are still working where you said. It usually happens in the days right before closing, so the loan reflects your employment as it stands on the note date, not weeks earlier.
The verbal check is obtained close to your note date, and the exact window is set by your loan program. The lender records who they spoke with, that person’s title, and the employer’s address.
Self-employed borrowers are handled a little differently. Instead of calling an employer, the lender verifies that your business still exists close to closing. In some cases, a pattern of direct deposits can be used to reverify your income.
Why the last-minute check matters
The verbal verification protects your loan by confirming nothing changed at the finish line. Here is how it works.
A Final Confirmation
The verbal verification is the last look at your employment before the loan funds. It confirms that the job and income the approval was built on are still in place on the day you close.
Timing Is Tight
The verbal check is done near the end of your file, inside a window your loan program sets. Either way, it happens right at the end.
The Lender Documents It
The lender writes down the name and title of the person they reached and the employer’s address. This record shows the verification was real and recent.
Self-Employed Is Different
If you work for yourself, the lender confirms your business still exists rather than calling an employer. It is a check on the business, close to closing.
Deposits Can Reverify Income
In some cases a pattern of direct deposits into your account can be used to reverify your income. It is another way to confirm the money is still coming in.
Do Not Change Jobs Yet
Because employment is rechecked at the end, a job change or a gap right before closing can delay or reshape your loan. It is best to keep things steady until you have closed.
Hear From Homeowners Like You
Frequently Asked Questions
Common questions about verbal verification of employment.
It is the lender’s final confirmation that you are still employed, usually done by phone in the days right before closing.
Close to closing, usually in the last days before your note date. The exact window is set by your loan program, and your loan officer confirms it for your file.
Usually yes. The lender contacts your employer to confirm you still work there and records who they spoke with.
The lender confirms your business still exists close to closing, rather than calling an employer. Direct deposits may also help reverify income.
It is best not to. Because employment is rechecked at the end, a change or a gap can delay or reshape your loan.
No. Electronic verification is also accepted, and in some cases a pattern of direct deposits can be used to reverify income.
It confirms the approval still holds. As long as your employment is unchanged, the verbal check simply closes the loop before funding.
Find out what you qualify for
Getting close to your closing date? We will time the final employment check so it does not slow you down.
Get Pre-QualifiedEmployment verification requirements and timing are subject to program eligibility, the loan type, and applicable rules. How and when employment is reverified depends on the program and your situation. This page is informational and is not a commitment to lend. Not all applicants will qualify.