Verification of Rent
Our Verification of Rent makes the process of confirming rental agreement terms for a r(entingCUT) borrower fast, efficient and cost-effective. Most VORs are completed within a few days because of the experience of our customer service team and the capability of our platform.
Advanced Data’s VOR is designed to deliver the information you require when you need it and in a consistent format, eliminating the expense of maintaining an in-house department to provide this service.
Our well-trained, experienced verification team will use a phone number the borrower provides to reach out to their landlord and gather the following information:
- Address of the rental unit
- Terms of the lease
- Borrower’s payment history
- Date borrower moved in
- Date borrower moved out
- Number of people included on the lease, and job title of person providing the information