Post-Closing VVOE Clarification
U.S. Bank's post-closing VVOE policy remains unchanged.
It continues to be the originating lender’s responsibility to ensure the verification of employment is completed prior to closing based on GSE guidelines. U.S. Bank will review the documentation provided by the lender as verification, as always.
U.S. Bank has always performed QC post purchase audits and will continue to do so. There may be times that a post purchase VVOE is completed during the quality review process, which is a random sample of loans.