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Real Estate Glossary

What is Verification of Employment?

Verification of employment (VOE) is a process used by lenders to confirm a borrower's employment status and income. This is typically done by the lender requesting a letter from the borrower's employer, which confirms the borrower's job title, length of employment, and current salary. The lender uses this information to determine the borrower's ability to repay the loan. Some lenders may also verify the borrower's employment by contacting the employer directly, to confirm the borrower's employment status, income, and job history.

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
Beycome Corp. holds real estate brokerage licenses in Multiple States: Beycome of Florida LLC is licensed in FL. Beycome Brokerage Realty Inc is licensed in CA. Beycome of Connecticut in CT. Beycome Brokerage Realty LLC is licensed in AL, GA, IL, IN, MI, MN, NC, OH, SC, TN and TX.
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IDX© information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate.

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Broker Compensation is fully negotiable and is not fixed, controlled, recommended, or suggested by law or any multiple listing service or association of REALTORS®.
Beycome fully supports the Equal Housing Opportunity laws.

Artur

Real Estate Assistant