Verification of Deposit (VOD) ~ E3

Course Description

Verifications of deposit, or VODs, are a common form of verification used to confirm that applicants have the funds they claim to possess. This course will explore VODs and how they are used in the mortgage lending process.

What You’ll Learn:

· Define what a VOD is

· Identify cases in which a verification of deposit must be used

· Interpret information collected on a VOD

20 Minutes