What Does Verification of Mortgage Mean?

Lenders want to know if you’re a good risk for a mortgage and will want you to show them 12 – 24 months of mortgage history. Depending on the type of loan you’re applying for, you’ll want to show minimal or no late payments. For your lender, that’s a good sign that you’ll be able to repay your new mortgage.

What Is Included in a Verification of Mortgage Form?

A VOM is a simple statement of facts, including: unpaid principal balance, payment amount with escrow, status of your mortgage, and payment history.

How Do I Request a Verification of Mortgage?

If you need to request a VOM, you’ll need to reach out to your lender or loan servicer. Start by calling your lender or servicer using the contact information on your monthly mortgage statement.