Instant Employment Verification
Instant employment verification confirms where an applicant works, in what role, and for how long, directly from the payroll system of record, in seconds. It replaces the verbal VOE: the phone call to an employer number that, at most banks, still happens days before every closing.
The phone call is the attack surface
Fannie Mae’s fraud program maintains a watchlist of 63 fictitious employers: purpose-built fake companies, some with websites and staffed phone lines, that exist to answer verification calls. A fraud ring that prints a fake paystub also staffs the callback number. The verbal VOE assumes the phone number proves the employer; the schemes are built on exactly that assumption.
Payroll-sourced VOE never places the call. The employer’s existence is established by the payroll provider’s commercial relationship, and the data (role, tenure, pay) comes from the system that actually runs payroll.
Built for the two moments VOE happens
Lenders verify employment at underwriting and again within days of closing. Because RAVEN’s verification is a data pull rather than a document request, the pre-closing re-verification is a refresh, not a new ask of the borrower or a processor’s afternoon on the phone.
- Employer, role, hire date, and pay in one consented pull
- Pre-closing re-verification as a one-click refresh
- No callback numbers, no fictitious-employer exposure
- Falls back to document collection in the same flow when payroll coverage misses
Frequently asked questions
How fast is instant employment verification?
Seconds once the borrower authorizes the payroll connection, compared with hours to days for callback-based verification services.
What if the employer isn’t in a payroll database?
The flow falls back to document collection and manual verification for that borrower, inside the same audit trail, so exceptions don’t become a separate process.
Does instant VOE satisfy the verbal VOE requirement?
GSE guidelines accept validated digital employment data in place of the traditional verbal VOE; Day 1 Certainty and AIM formalize this. Your investor overlays govern the final word.