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VOE Related Question

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Fred

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Post Posted: Thu Oct 29, 2009 9:42 am    Post subject: VOE Related Question
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Why would a third-party audit a VOE three years after the loan was originated?

If you agree to a VOE prior to the origination of a loan, is it ok for the requestor to re-issue the VOE (for audit purposes) three years later?
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jveenstra
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Post Posted: Thu Oct 29, 2009 12:12 pm    Post subject: Audit
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Documents are audited to see if they were properly or fraudulently completed at that time.

It does not mean that one must be still working at the same place nor does it mean one still has the same income three years later. It is a check to determine if three years ago the form was completed by the proper person and disclosed the correct employment and income at that time.

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