Dear TZ - What are these mortgage acronyms?

Real Estate Agent with Samsel & Associates 0790808

 Overwhelmed Employee




Dear TZ,

We're in the middle of the mortgage process and our lender keeps using acronyms. What are VOE, VOD, and VOM?

- The Buyers Smith


Dear Smiths,

Acronyms make any professional's job easier, but quite often confuse the issue for the public with whom they work. You should never be afraid to ask your lender to explain acronyms to you - part of their job is to help you get through this process with ease.

VOE refers to a verification of employment - simply a statement, verbal or written, from your employer(s) that you do work for them. You may need to authorize your employer to release this information.

VOD is a verification of deposit to ensure that you have the money in the bank that you say you have.

VOM is a verification of rent or mortgage to document the housing costs that you have been paying up until your mortgage.

Good luck!

- TZ


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~ Wayne & Jean 

Union County, NJ - a great place to live and work!

If you're looking to buy or sell a property in Union County, call us at 908-917-4189 or email


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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Wayne and jean Marie.... it's like learning a new language to most buyers...but that's what they have you for...

Nov 17, 2012 09:07 PM #1
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

My thought is that they just want to appear to be such an expert that they can throw around terms that no one but another mortgage broker can understand.  I'd find another one.

Nov 17, 2012 09:07 PM #2
Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

Very cool!   And, I had to figure out what TZ stood for.  Got it!

Nov 18, 2012 01:44 AM #3
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Wayne and Jean Marie Zuhl

The Last Names You'll Ever Need in Real Estate
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