Verification of Employment/ Income
New qualified mortgage regulations require lenders to verify income and employment information using reliable third-party records. An applicant’s ability to pay can be confirmed quickly and easily with Universal Credit Services. With third-party request verification, we strengthen compliance and returns with consistent and fast results for clients. We also offer cascading options to move from automated to manual verification. Our VOE/VOI solution provides documented third-party verifications for current and previous employers as well as reverifications prior to closing.
The Work Number®
UniversalCIS is a certified top-tier provider of The Work Number®, which is the largest online database of payroll records contributed by over 4,300 employers nationwide. We use this service to give you fast, accurate and reliable information with results returned quickly, even if an employer does not report to The Work Number®. Results are usually returned in seconds and are more accurate and compliant, resulting in more loans closed.
If the employer is not listed with The Work Number®, you have the option of ordering a manual VOE/VOI from our expert staff. We use cascading options to move from automated to manual to deliver your results faster. We know the VOE/VOI process can be labor-intensive. Our staff will do the follow-up calls and emails to ensure the VOE/VOI information is returned in a timely manner. We will update you and keep you informed during the process. All applicants will be individually researched and thoroughly vetted.
Verification of Employment Report Sample
- Essential employment and income data in a timely and cost-effective manner
- Meet 3rd party compliance and verification requirement, without overextending your processors
- Spot fraudulent loan attempts early in the process
- Verify an applicant’s employment history and current employment status quickly and easily