The Verification of Deposit is for depository institutions only. An investment institution (ex. Fidelity, TD Ameritrade, etc.) is not a depository institution, and therefore no VOD will be created. The Verification of Asset report contains all the necessary information for these accounts and is accepted by the GSEs as a substitute for the 1006.
Modified on: Mon, 26 Nov, 2018 at 6:19 PM
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