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Digital Verification of Employment (DVOE)

How does a DVOE differ from a standard 10-day pre-closing VOE?

A Digital Verification of Employment (DVOE) serves the same critical function as a standard 10-day VOE—confirming a borrower’s current employment status prior to closing—but utilizes asset-based data rather than payroll data.

Instead of logging into a payroll provider or contacting an employer, a DVOE audits the borrower’s bank statements to identify recurring payroll deposits.

Key Advantages for Lenders:

  • Efficiency: Automates the pre-closing check by leveraging existing asset data.
  • Reliability: Uses verified bank transaction history to confirm consistent income flow.
  • Reduced Friction: Eliminates the need for manual HR outreach or borrower-provided paystubs in the final days of the loan process.