Important Documents Series –

Letter of Employment

What is a letter of Employment (also referred to as job letter)?

A letter of employment, or job letter, is a document signed by an authorized representative of your employer stating that you are currently employed there. It must include basic information such as, your name, what work you do, how long you have been working for them, how much you make, and your employment status (permanent, full time, part time, casual, etc..).

It may also need to contain an explanation of anything unusual about your employment. This could include a recent change in income, end of probation period, overtime income, maternity leave (including a set return date), year to date income, bonuses, salary etc…

Where do I get a Letter of Employment?

A letter of employment can be obtained by making a simple request to your employer. They usually have a template on hand, so it should be a quick process.

Why do Lenders require a Letter of Employment?

Lenders verify employment as part of the loan underwriting process, usually well before the projected closing date. The lender might confirm this information with your employer via fax, mail or telephone. Your letter should therefore include a contact name and phone number.

Example of a Letter of Employment/ Job Letter

How Client First Mortgage Solutions Can Help You

The mortgage application process can be very stressful and confusing. Our experienced Mortgage Advisors will paint a clear picture as to what is needed throughout each step of the process. Also be sure the check out our website to see other Important Documents that may be needed for your deal. That way you will have a head start, which will make the process even more seamless. Contact us today.

Client First Mortgage Solutions – May 18, 2018