Employee verification or employment verification is the practice of most banking or lending institutions to verify the eligibility of a borrower. Verification is done to identify if a borrower is eligible for a home loan, car loan, or personal loan. Employers often verify employees before they hire them. They asses their eligibility to work and past work history and experiences.
To be able to asses an employee regardless if it is for employment or for lending purposes, there are certain information that needs to be gathered to get started. An employee verification form is used to gather all the needed information for the verification process. Sample Forms are made available to you for your employee verification needs.
Employee Eligibility Verification Form
Employee Verification Form in PDF
Employee Income Verification Form Example
Employee Police Verification Form Sample
Employee Wage Verification Form in PDF
Some Sample Employee Verification Forms
Employee Eligibility Verification Form
This form has a compact layout. Instructions are provided on how to fill out the form. Important know-hows like the purpose of the form, when it should be used, the fee, etc., are also included. The list of acceptable documents are also listed in this form that can be used as a reference.
A separate section for the employee and the employer to fill out is provided in this form. It has a simple layout that makes it easy for the reader to read and locate the information that they need to know.
Employee Income Verification Form
Banking or lending institutions require certain documents for applicants who want to apply for a loan. They will need to verify an applicant’s income. The employee income verification form is utilized for this purpose.
Employee Police Verification Form
This form asks for personal information such as the name of the applicant and their present and permanent address.
Employee Wage Verification Form
The income verification form is used for loan applications while the employee wage verification form is used to verify an employee’s wage, if they incur any absences or used any of their leaves. In this form, information like the sick leave and annual leave amounts are asked.
Employee Verification Release Form
Employee Address Verification Form
Employee Disability Verification Form
Employee Volunteer Verification Form
When Is an Employee Verification Done?
An employee verification is done when an employee applies for a mortgage loan, a car loan, or a student loan. You may also want to see Rental Verification Forms. There are also other instances that will require a proof of employment or proof of income. The employee’s eligibility and ability to pay the loan is determined through this process. Employee verification is also done before an employer hires a new applicant. This is to verify their employment history or previous work history and what type of employee they are. It also ensures that the details provided by the employee matches the information found. Employee verification is also done prior to promoting an employee.
It is best to have a good record either from your current employer or from your previous employer. They may be useful in the future when one day you decide to look for a new career path, or take a loan to buy that dream car or house perhaps. Nothing can be lost from being good, but some things may get complicated from being bad. We hope that this article is able to provide you with necessary information about employee verification. Please feel free to download and use our forms for your reference.
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