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1. #FANNIE MAE AND FREDDIE MAC PHONE NUMBER VERIFICATION#
2. #FANNIE MAE AND FREDDIE MAC PHONE NUMBER SERIES#

#FANNIE MAE AND FREDDIE MAC PHONE NUMBER VERIFICATION#

If the borrower is in the military, in lieu of a verbal or written VOE, the lender must obtain eitherĪ military Leave and Earnings Statement dated within 120 calendar days prior to the note date, orĪ verification of employment through the Defense Manpower Data Center (). See B3-2-02, DU Validation Service for additional information.

Compliance with the DU message satisfies the requirement for completing the verification of employment. This may differ from the age of data and 10 business day requirements above. The DU message will include a date by which the loan must close. When employment is validated by DU, DU includes in its assessment the age of the information in the vendor’s database. Note: Because third-party vendor databases are typically updated monthly, the verification must evidence that the information in the vendor's database was no more than 35 days old as of the note date. If the employer uses a third party employment verification vendor, the lender must obtain written verification from the vendor of the borrower’s current employment status within the same time frame as the verbal VOE requirements.

#FANNIE MAE AND FREDDIE MAC PHONE NUMBER SERIES#

If the borrower is a union member who works in an occupation that results in a series of short-term job assignments (such as a skilled construction worker, longshoreman, or stagehand), and the union facilitates the borrower’s placement in each assignment, the lender may obtain the verbal VOE from the union. The written documentation must include the name and title of the person who completed the verification for the employer. If the employer will not verbally verify employment, the lender can obtain a written verification (other than an additional paystub) confirming the borrower’s current employment status within the same time frame as the verbal VOE requirements. Name and title of the person who completed the verification for the employer, Name and title of the person who confirmed the employment for the lender, Note: If the employer confirms the borrower is currently on temporary leave, the lender must consider the borrower “employed.” See B3-3.1-09, Other Sources of Income, for details on temporary leave.