Verification of deposit (VOD) covers the most recent how many days?

The correct answer is based on industry standards for Verification of Deposit (VOD) practices. A VOD provides lenders with a snapshot of the borrower's account balances and transaction history, ensuring that the funds indicated by the borrower are indeed available. Typically, this verification covers the most recent 60 days of account activity. This timeframe allows lenders to assess the stability and consistency of the borrower's financial status, helping to determine their creditworthiness for a mortgage loan.

The 60-day period strikes a balance between capturing recent financial behavior while still providing a sufficient overview to forecast the borrower’s ability to repay the loan. Any longer duration could complicate the process unnecessarily, while a shorter one might not provide an accurate representation of the borrower's financial health.