How can Mortgage lenders View and you can Make sure Financial Statements? Consumers seeking to home financing to order otherwise re-finance a house need be approved by a lender attain their loan. Banks need make certain the newest borrower’s monetary pointers that will need a proof or verification regarding deposit (POD/VOD) setting as done and sent to the latest borrower’s lender. A proof put might need brand new debtor to present on the very least a few months from financial statements with the lending company. Secret Takeaways Lenders wanted financial advice of potential consumers when creating the choice whether to extend borrowing. An evidence of put is used from the loan providers to confirm the latest economic information off a borrower. Mortgage brokers have fun with a great POD to ensure there was enough money in order to afford the downpayment and you will settlement costs getting a house.