A verification of employment letter is a document provided by your employer that confirms your current employment status and income. Some lenders will need to verify your employment when you apply for a mortgage, line of credit, lease or loan.
New York, NY 10005
08/30/2019
To whom it may concern,
I am writing this letter to verify that Laura A. Baxley is currently employed with XYZ Pty Ltd as a Digital Marketing Manager. She has been employed with us since March 2016.
Laura currently works on a full-time basis, averaging 40 hours per week. She earns a salary of $65,000 per year, paid biweekly, plus potential yearly bonuses.
Should you have any questions, please do not hesitate to contact me at (123)456-7890
Kind regards,
(SIGNATURE)
Justin Hamilton
Human Resources Manager
XYZ Pty Ltd
No, but most lenders will require some sort of verification. Aside from a letter, your lender may call or email your employer or give you a form for them to fill out and sign.
If your lender lets you know that they’ll be calling your employer to verify your employment, let your boss know to expect the call. It’s also a good idea to ask your employer if they need any information from you and thank them for helping you.
This will vary depending on the lender’s individual policies and eligibility requirements, but most lenders will accept a faxed copy of the employment letter.
Most lenders require the employment letter to be no older than 60 days from the date of receipt, but it can vary from lender to lender. If you have a letter that’s more than a couple of weeks old, ask your lender if you’ll need a copy that’s been signed and dated more recently.
Most lenders will want to verify your employment. This can involve getting a letter from your employer, having them fill out a form or having your lender call or email them. Whichever option they choose, the process is generally pretty simple.
If you’re just getting started researching the mortgage process, compare home loan lenders to find one that fits your needs.
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