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#2113981 - 01/12/17 03:02 PM VOE on a First Lien HELOC
M&M Offline
Platinum Poster
Joined: Nov 2003
Posts: 530
Midwest
If we have a first lien HELOC, do we need to handle it like we do a mortgage, or do we handle it simply like any other HELOC? For instance, would we need a VOE? We would not complete a 1003 for it, so thinking perhaps no VOE is needed.

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Lending Compliance
#2114009 - 01/12/17 04:18 PM Re: VOE on a First Lien HELOC M&M
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
Whatever your internal policies required for employment verification would apply.
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The opinions expressed are mine and they are not to be taken as legal advice.

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