Products

eVoE™

Online Verification of Employment Made possible by eSignature Technology

eVoE™ enables employers to sign and complete a 1005 form electronically, entirely online through our secure eDocument Solutions portal, a first for the mortgage industry. Our users experience significantly shorter turnaround times, reduced costs, and accuracy is increased.

More than 30% of VOEs are returned with inaccurate or missing data that the lender is responsible for correcting or for making a second attempt to 4 collect. That takes time, slows the origination process, and increases costs.

To eliminate those challenges, Advanced Data created our eDocument Solutions that generate the following benefits to clients:

  • Lenders are not exposed to the risks inherent in transmitting personal financial data through e-mail or a fax machine.
  • Lenders are able to complete more VOEs because the forms are returned without errors or missing required data.
  • The technology is configured so that VOEs cannot be returned to the lender until they are 100% completed.
  • The possibility of illegible handwriting is eliminated.
  • Lenders will never have to go back to the employer for more information or to correct a mistake.

How it Works

  1. Order VOE through any compatible LOS or through the Advanced Data website. There are no additional requirements to use eVoE™.
  2. The Advanced Data VOE team contacts the employer and sends them a secure link to access the eVoE™ portal.
  3. The employer completes the entire VOE process online - including entering income information and signing electronically.
  4. The completed report is retrieved through your LOS or through the Advanced Data website.