Posted by sh3bear on 4/24/06 10:21pm
Msg #115635
Hi, Can anyone tell me what these terms mean?
I have a request that I will need to get an estimate ( I know what that is) a VOE (verification of employment?) Clear w-2 , LOE (?) VOM (Verification of Mortgage(?). I was not sure what the LOE stands for except a guess of Length of Employment?
I will be calling the lender tomorrow for clarification but thought that I would ask the professionals before calling to see if I was partially correct.
Thank you in advance.
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Reply by BP/WV on 4/24/06 10:29pm
Msg #115637
Letter of Employment n/m
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Reply by TitleGalCA on 4/24/06 10:29pm
Msg #115638
See message #53764
all part of the 33325 message. A must read.
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Reply by Signing_Doc on 4/24/06 10:29pm
Msg #115639
before anyone gets rude and tells you...these are basic notary 101 questions...but in answer to your question...you are correct in all but one...the LOE stands for Letter of Explanation. This is used to explain reason for bk's etc. Hope this helps. if you have further questions, write me at my email address. Good Luck. "Doc" Stuart
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Reply by TitleGalCA on 4/24/06 10:33pm
Msg #115641
Well....Doc
Without being "rude" I guess there is more than one acronym for LOE. See above.
Lender terms are a joke, and nothing more than a display of false knowledge. More than likely...you are right in your original thought.
Simply say ask the question, nobody knows all the acronyms. The world of lending loves it's own sense of false mystery.
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Reply by BP/WV on 4/24/06 10:37pm
Msg #115645
Re: Well....Doc
I even came up with "Living On Earth" while I was brainstorming 
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Reply by TitleGalCA on 4/24/06 10:41pm
Msg #115649
LOL "Living On Empty" n/m
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Reply by BP/WV on 4/25/06 7:52am
Msg #115689
Re: Well....Doc
Thank you for you clarification on LOE…(Letter of Explanation) Since this is predominantly a lender term, witness closers/signing agents may not know what it means, as I have proved. I went back and skimmed through all of my closing books, searched for LOE and I did not find it.
Now, POA is Notary 101, not LOE.
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Reply by RickinVA on 4/25/06 9:05am
Msg #115704
Re: Well....Doc
HHmmm, back in my younger days, (a looong time ago) POA had absolutely NOTHING to do with Notaries. Now-a-days, that's about the only meaning it could be! <g>
Rick
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Reply by Signing_Doc on 4/24/06 11:35pm
Msg #115661
Re: Well....Doc
With a smile on my face, I answer your missive with a question. If you have a VOE (verification of Employment) why would you need a LOE (Letter of Employment)...seems that they contradict each other. Which is why I asked my darling wife..Elaine "The Loan Arranger" tm regarding the question and she gave me the answers. Still smiling, no nastiness indended...have a good evening all
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Reply by TitleGalCA on 4/24/06 11:53pm
Msg #115664
Yeah but you didn't share
We searchers of truth. far and wide...unearthed ancient jars and walls with scribblings. Do please have your Wife (Or somebody for crying out load post translations here?) I started the true journey of the long forgotten languague of our forefathers with post 33325....Enlighten us all please - we diggers of truth (archaeologists....and I'm getting sick of the dirt under my fingernails) the true meaning......of the true meaning.
And if one nasty desperate Sand Housewife is hanging on for ratings...wait until I dig my way out of this sand dune (gasp) I'll get her....
The desert sand it too far embedded in my fingernails to dig any more. I need....water....water...and the written word. Please, we beg of you darling Elaine, to give us but one tiny drop of ......knowledge. save your water....water saves lives but knowledge saves me......
.....I'm on my last breath....LET THE LIFE OF THE TRUTH LIVE!!!.......collapsing now....panting for water and truth..........
gone.
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Reply by Signing_Doc on 4/24/06 11:58pm
Msg #115665
Re: Yeah but you didn't share
(place bugle to lips and blow)....dah dah daaaaaahhh.....duh duh daaaaaahhhh....
MORN....MORN...Friends and neighbors...our sister TitleGalCA has breathed her last....but I BELIEVE...YEAH!....I Believe she is in a far....far...better...place...where ALLLLL...the signing....(can I get an amen!)....I Said ALLLLL the signings are PAID IN ADVANCE....and ALL the Docs are sent ON TIME and COMPLETE.....Can I Get a Hallelujah!!!!.
The viewing will be held at SOX, on Friday the 13th at 2pm...BYOB
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Reply by TitleGalCA on 4/25/06 11:20am
Msg #115749
LOL Signing Doc
I won't RIP with a wake at SOX!! (Spealing of acronyms)
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Reply by sh3bear on 4/25/06 12:06am
Msg #115666
I just wanted to thank you all, for the wonderful replies and support. I appreciate the feedback.
Thanks alot all.
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Reply by Signing_Doc on 4/25/06 12:21am
Msg #115667
My Darling Elaine told me to say that if you have any further questions along this line, you can write me at [e-mail address] and she will get back to you either by email or phone. Have a good night "doc"
and the rest of you out there....if you believe in TitleGalCA...clap your hands together REAL LOUD and maybe we can save her....come on now....REAL LOUD....KEEP IT UP.....Oooohhh thank you thank you...she is SAVED!....
(we now return you to your regularly scheduled program)
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Reply by PAW on 4/25/06 6:32am
Msg #115679
LOE = Letter of EXPLANATION
This are usually brief letters from the borrower(s) explaining some detail or inconsistency that was noted during the loan application, review, underwriting, etc.
Things like breaks in employment, short term home ownership (less that 2 years in a particular residence prior to the current one), etc.
Some of the more common (and not so common) acronyms and abbreviations that NSA's may run across are listed at http://www.pawnotary.com/tla.htm.
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Reply by SarahBeth_CA on 4/25/06 8:57am
Msg #115700
Smacks Self on forehead
I have had to collect LOE's as stipulations before, but due to a recent lack of brain function I didn't put 2 and 2 together on this one.
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Reply by thnotary_NY on 4/25/06 9:08am
Msg #115707
Re: Smacks Self on forehead
Maybe it's just as well, you would have gotten 22
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Reply by SarahBeth_CA on 4/25/06 9:14am
Msg #115709
Re: Smacks Self on forehead
And I would have believed it was correct at the time.
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