> ## Documentation Index
> Fetch the complete documentation index at: https://docs.pylon.mortgage/llms.txt
> Use this file to discover all available pages before exploring further.

# VOR/VOM Overview

> Overview of the Verification of Rent or Mortgage document types

## 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](/entity-models/key-concepts/piti) and [DTI](/entity-models/key-concepts/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](/entity-models/key-concepts/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.

## 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

## Account types

The VOR/VOM form supports three account types, each with its own specific fields and requirements:

* **[Verification of Rent (VOR)](/entity-models/tasks/verification-of-rent-mortgage-rental)** - Used to verify rental accounts from landlords
* **[Verification of Mortgage (VOM)](/entity-models/tasks/verification-of-rent-mortgage-mortgage)** - Used to verify mortgage accounts from creditors
* **[Verification of Land Contract (VOM)](/entity-models/tasks/verification-of-rent-mortgage-land-contract)** - Used to verify land contract accounts from creditors

Each account type has specific fields and validation rules. See the individual pages for detailed specifications.

## Common fields

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

### Landlord/Creditor information

| Field Name                | Type   | Required | Data Source | Notes                                 |
| ------------------------- | ------ | -------- | ----------- | ------------------------------------- |
| Landlord/creditor name    | String | Yes      | User input  | Name of landlord or mortgage creditor |
| Landlord/creditor address | String | Yes      | User input  | Full address of landlord or creditor  |

### Lender information

| Field Name       | Type      | Required    | Data Source | Notes                                      |
| ---------------- | --------- | ----------- | ----------- | ------------------------------------------ |
| Lender name      | String    | Yes         | User input  | Name of lending company                    |
| Lender address   | String    | Yes         | User input  | Full address of lender                     |
| Lender signature | Signature | Yes         | E-signature | Digital signature with timestamp           |
| Lender title     | String    | Yes         | User input  | Title of person signing                    |
| Signature date   | Date      | Yes         | E-signature | Auto-populated on signature                |
| Lender's number  | String    | Conditional | User input  | Lender identification number if applicable |

### Applicant information

| Field Name          | Type      | Required | Data Source     | Notes                                                        |
| ------------------- | --------- | -------- | --------------- | ------------------------------------------------------------ |
| Applicant name      | String    | Yes      | Borrower entity | Full legal name, repeatable for N borrowers                  |
| Applicant address   | String    | Yes      | Borrower entity | Full address, repeatable for N borrowers                     |
| Applicant signature | Signature | Yes      | E-signature     | Digital signature with timestamp, repeatable for N borrowers |

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

### Creditor signature fields

| Field Name         | Type      | Required | Data Source       | Notes                                                   |
| ------------------ | --------- | -------- | ----------------- | ------------------------------------------------------- |
| Creditor signature | Signature | Yes      | E-signature       | Digital signature with timestamp from landlord/creditor |
| Creditor title     | String    | Yes      | Third-party input | Title of person signing                                 |
| Creditor phone     | String    | Yes      | Third-party input | Phone number of creditor                                |
| Signature date     | Date      | Yes      | E-signature       | Auto-populated on signature                             |

## 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.