VERIFICATION OF DEPOSIT (VOD) >> Documentation that confirms the customer has access to specified amounts of money through a bank or investment account. Verifications of Deposit are documented on Fannie Mae form 1006.

VERIFICATION OF EMPLOYMENT (VOE) >> Documentation that confirms the customer works in the job and at the employer listed on the handwritten loan application and receives a stream of income from this source. Verifications of Employment confirm the customer?s position title, date of hire, employment type, hours of work per week, frequency of payment and salary.

VERIFICATION OF SECONDARY FINANCING FUNDS FORM >> A form that must accompany all loans that have secondary financing.

VESTING >> Names of the borrowers and the manner in which they hold legal title to the property. May include marital status.

VOD >> Acronym for Verification of Deposit.

VOE >> Acronym for Verification of Employment.

VOLUNTARY LIEN >> A secured financial interest in a property that is created by agreement between a creditor and the borrower. Basically, the borrower is agreeing to use the property as collateral for the loan. The most common example of a voluntary lien is the one created by a mortgage given for a home loan.