Verification of Employment (VOE)
More Resources on the URLA Support Page
Use the Verification of Employment (VOE) to record current and previous employers. When working with the URLA 2009 forms, when you add employment information on the VOE, the first record for the borrower and the first record for the co-borrower displays on the 1003 Page 1 input and output forms. If you add employment information on the 1003 Page 1, the information is added to the VOE. When working with the URLA 2020 forms, when you add employment information on the VOE, the employment records display on the 1003 URLA Part 2 input form according to the following logic:
- Section 1b (Current/Self Employment and Income) displays the first VOE entry marked as Current for the borrower or co-borrower. If there is no Current VOE entry for the borrower or co-borrower, section 1b is blank.
- Section 1c (Additional/Self Employment and Income) displays the second VOE entry that is marked as Current for the borrower or co-borrower. When there is no second current VOE for the borrower or co-borrower, this section is blank.
- Section 1d (Previous Employment and Income) displays the first VOE entry that is marked as Prior for the borrower or co-borrower. If there is no Prior VOE for the borrower or co-borrower, this section is blank.
If you add employment information 1003 URLA Part 2, the information is added to the VOE. All VOE records display on the URLA 2020 output form, provided the Does Not Apply checkbox is not selected for sections 1b, 1c or 1d on the 1003 URLA Part 2.
To shortcut the entry of address information, type the zip code first. The City and State fields will automatically be filled.
To Access the Verification of Employment:
There are two ways to open the VOE:
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On the Forms tab, click VOE.
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On the 1003 URLA Part 2 or the 1003 Page 1 input form, click the Show All (VOE) button.
To Create a New Employment Record:
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At the top of the VOE list, click the New icon.
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On the New Employment dialog box, select a Borrower Type and Employment Status, and then click OK.
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Select the checkbox to print the statement "See attached borrower's authorization" on the applicant's signature line on the printed form.
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Enter the borrower's badge number or employee ID. The ID entered in this field is printed below the name and address of the applicant in section 7 of the Request for Verification of Employment output form.
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Complete the employer information in the To: (Name & Address of Employer) section.
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Click the Address Book icon to add an employer from the Verification category of your business contacts. You can also type a name and then right-click to create a new contact in your business contacts.
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In the From section, the following options are available for the value that prints in the Title field on the output form.
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Accept the default value of Loan Processor.
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Type a different value or clear the field.
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Select the Print user's name checkbox to print the name of the user selected in the Verification Contact Setup setting. If no selection has been configured in the setting, the name of the logged-in user is printed by default.
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Select the Print user's job title checkbox to print the job title of the user selected in the Verification Contact Setup setting. If no selection has been configured in the setting, the name of the logged-in user will print by default.
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Complete the Employer Information section.
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Add the employment details in the Employment and Gross Monthly Income sections.
If you record income values on the VOE before completing the 1003, you can import the numbers to the 1003.
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For URLA 2020 forms:
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Select the checkbox to indicate when the borrower is employed by a party to the transaction.
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Select the checkbox if the borrower is a business owner or self-employed, and then select any additional self-employment checkboxes that apply.
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Enter the monthly income or loss and percentage of the business owned.
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Click the New icon to create another employment record.
Edit an Employment
Record