What document confirms a borrower's position and salary for lending purposes?

The document that confirms a borrower's position and salary for lending purposes is the Verification of Employment. This document is essential for lenders as it provides direct and official confirmation from the employer regarding the applicant's current job status, title, length of employment, and income. This information is critical for the lender to assess the borrower's ability to repay the loan, as it offers insight into both their job stability and their financial capacity based on their salary.

The Verification of Employment typically includes specific details, such as the borrower's position within the company and the salary being received, which together help the lender gauge whether the borrower meets the necessary criteria for loan approval. It serves as a crucial piece of evidence in the underwriting process, ensuring that the lender can make an informed decision based on reliable and verifiable information regarding the borrower's employment situation.