Rapid Reporting, a provider of income- and identity-verification products to the mortgage industry, has announced the upcoming release of EmploymentChek, the mortgage industry's first third-party employment verification service offering verbal verification of employment (VVOE).
VVOE picks up where automated employment verification services leave off by providing confirmations that come from live, person-to-person contact with the employer, Rapid Reporting explains. With EmploymentChek, lenders and brokers can get definitive answers on a borrower's employment in 24 hours or less.
Rapid Reporting's EmploymentChek will be available in the fourth quarter of 2008.
Source: Rapid Reporting