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Why this document matters

This form, commonly referred to as a VOR (Verification of Rent) or VOM (Verification of Mortgage), is used to verify the rental or mortgage account of a borrower. It provides third-party validation of payment history, account status, and payment amounts from landlords or creditors. This verification is critical for:
  • Payment history verification - Confirms borrower’s payment history with landlords or mortgage creditors
  • Housing expense validation - Validates current rent or mortgage payment amounts for PITIA and DTI calculations
  • Account status - Confirms whether accounts are current, in arrears, or have late payment history
  • Creditworthiness assessment - Provides third-party confirmation of borrower’s payment behavior
Without proper verification:
  • Housing expenses may be inaccurate - Unverified rent/mortgage amounts could affect DTI calculations
  • Payment history unknown - Missing payment history could impact underwriting decisions
  • Account status unclear - Unverified account status may indicate risk
  • Underwriting delays - Missing verification can delay loan processing
The form is completed in two parts: Part I by the lender/borrower requesting verification, and Part II by the landlord/creditor providing the verification details.

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When this document is requested

This document is requested when:
  • Borrower has rental history that needs verification
  • Borrower has existing mortgage that needs verification
  • Borrower has land contract that needs verification
  • Underwriting requires third-party validation of housing expenses
  • Payment history verification is needed for creditworthiness assessment
Trigger conditions:
  • Borrower reports rental or mortgage payments
  • Housing expenses need third-party validation
  • Payment history verification required
  • Account status needs confirmation from creditor/landlord

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Account types

The VOR/VOM form supports three account types, each with its own specific fields and requirements: Each account type has specific fields and validation rules. See the individual pages for detailed specifications.

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Common fields

All VOR/VOM forms share common fields that are completed by the lender/borrower and landlord/creditor:

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Landlord/Creditor information

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Lender information

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Applicant information

Note: Applicant name, address, and signature fields can be repeated for each borrower on the loan (up to N borrowers).

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Creditor signature fields

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Template

Pre-made templates for this document will be provided separately. When a task is created requesting this document, you can provide the form to borrowers/lenders to complete Part I, then distribute to landlords/creditors for Part II completion.