Posted on: 30th Jun, 2009 02:53 pm
My husband and I applied for a loan and we have a closing date set, etc. The bank we are getting the loan with just sent our employer's VOEs. My husband is considered a contract worker, I'm not sure if his company will fill the VOE out and if they do what it will say. How much weight does this hold for us getting our loan? We have already sent the bank our check stubs, w2's, etc.
Hi Christy,
Verification of Employment(VOE) is an important document required to get a loan. This is a proof of your employment. If you cannot provide this proof to the lender, he may think you are unemployed and may cancel your loan. Though your husband is a contract worker, he must be having documents relating to this. Your husband should submit them to the lender along with the VOE that the employer provides.
Verification of Employment(VOE) is an important document required to get a loan. This is a proof of your employment. If you cannot provide this proof to the lender, he may think you are unemployed and may cancel your loan. Though your husband is a contract worker, he must be having documents relating to this. Your husband should submit them to the lender along with the VOE that the employer provides.
They have all of his checkstubs, I just don't know if they'll fill out the VOE and the contract work he does is for the government, so it's a big company and I don't know if there's a way to find out if they'll fill it out, but if they do is being a contract worker going to hurt us?
Ask your husband to consult with your employer. Loan provider has every right to check your credentials.
having been a contract worker myself, i don't believe you have much to fear. when i was contracting my employer readily provided information to any creditors who inquired of them.
i think robert hit the nail on the head up above - have your husband speak with the employer and advise them of the need for their assistance. i'd have to think they'll comply to the best of their ability.
i think robert hit the nail on the head up above - have your husband speak with the employer and advise them of the need for their assistance. i'd have to think they'll comply to the best of their ability.
