What is VOD, verification of deposit?
Reviewed by Raman Yakkala · Updated 2026-09-11
VOD is verification of deposit. It confirms that a borrower holds the assets they claim, in the accounts they claim, and that those funds are available for the transaction.
What a lender is checking
Two things. That the balance exists, and that the money is the borrower's to use. The second is where most of the work sits.
Sourcing and seasoning
A recent deposit that cannot be explained gets questioned. Lenders look at how long funds have been in the account and where they came from, because undocumented deposits can indicate an undisclosed loan or a gift that carries its own requirements.
Why VOD creates back-and-forth
Every unexplained line item on a statement generates a request for an explanation, and each request is a round trip with the borrower. A file with several of them can cycle for days without anything else moving.
How CliQloan handles it
Verification Engine pulls verified asset data from source networks where a connection exists, extracts it from submitted bank statements where it does not, and screens submitted documents for signs of tampering at intake.
Where this shows up in the loan file
A VOD confirms that the assets a borrower has stated exist and are available. It covers down payment, closing costs and reserves. The verification has to account for where funds came from, which is why recent large deposits attract a sourcing question rather than being taken at face value.
What goes wrong when this is tracked manually
Asset verification ages faster than most people expect, and the sourcing trail is the part that gets lost. A statement collected weeks ago may no longer support the balance required at closing, and the explanation for a large deposit tends to live in an email rather than in the file. Reconstructing it under time pressure at closing is where deals slip.