Verification of Assets (VOA), Assets Analysis, & Cash Flow Analysis Basic Navigation

Overview

The Verification of Assets (VOA) application streamlines and modernizes the asset verification process, eliminating many of the delays and inconsistencies common in traditional, manual asset reviews. Instead of gathering documents by hand and validating asset information manually, the application centralizes everything into one secure, easy‑to‑navigate workspace.

Application features by tab

Navigating between tabs and identifying essential features will help you make the most out of the application.

Borrower Progress tab

The Borrower Progress tab provides a complete view of the borrower’s VOA file activity. Here, you can track key milestones, including:

When the VOA order was initiated and by whom
When the email invitation was sent to the borrower
When the borrower logged in
When the borrower linked accounts or uploaded documents

This tab serves as a convenient, centralized location for reviewing all actions and their current statuses.

In addition, the Borrower Progress tab includes two helpful features:

Reverify:
If the borrower has consistent direct‑deposit payroll transactions, that data can be used to obtain Rep & Warrant relief from Fannie Mae® and Freddie Mac® for employment verification. Use this feature to order an asset reverification before closing to confirm the latest payroll deposit, replacing the need for a paystub or VOE for the 10‑day pre‑closing certification.

Resend Invite:
Use this feature to resend the borrower’s invitation if they did not receive it or accidentally deleted it.

Documents tab

The Documents tab displays all asset documents associated with your VOA order. From this tab, you can:

View documents
Identify each document’s source (uploaded or linked, and by whom)
Download documents
Upload additional documents

Key features

Statement Link: Every document—whether uploaded or linked—includes a Statement Link. Click the link to open and view the document.
Download: Documents can be downloaded directly from the Documents tab. To download a document, select which document(s) you wish to download by selecting the checkbox next to it, then click Download to save a copy to your local drive.
Tip: You can select multiple statements to download at once.
Upload: Additional documents can be uploaded directly from the Documents tab. Click the Upload button to add additional documents to your order. From the Upload Document(s) popup, you can click Upload File(s) to choose a file from your drive, or drag and drop the file into the upload zone.

Assets Analysis tab

The Assets Analysis tab is divided into four main sections. Expand each accordion below to explore the features available in that section.

Asset Analysis Dashboard

Assets Analysis Dashboard
Feature	Description
Guideline Selection	Use the Guideline Selection dropdown to choose the investor guideline you want to apply. After you make a selection, a confirmation popup will appear so you can confirm and apply the guideline to your file. Note: This step is not applicable to Cash Flow Analysis orders.
Generate Report	Select Generate Report to create a PDF Assets Analysis Report. Use this feature once you have made all necessary updates to your file and completed your review.
Cash to Close	This Cash to Close dashboard provides a visual breakdown of the amounts captured in your VOA order. Key values displayed in the visualizer include: Total Cash to Close The Total Cash to Close section shows whether the borrower’s total available assets meet the cash‑to‑close requirement for the loan. Available Cash The Available Cash amount is calculated by adding the final balances of all accounts marked as ‘included’ in the analysis. Remaining Cash The Remaining Cash field shows the amount of additional funds needed to meet the cash‑to‑close requirement when there is a shortfall.
Asset Summary	This Asset Summary dashboard provides a visual breakdown of the asset amounts captured in your VOA order. The Total Assets value includes all assets evaluated in the deposits analysis, including those marked as ‘included’ as well as those marked as ‘excluded’.

Notifications and Alerts

Feature	Description
Notifications and Alerts
Select highlighted document to preview	Use the Select highlighted document to preview dropdown menu to quickly navigate to statements the VOA application has flagged for issues—such as potential document tampering or account‑ownership concerns. When you select a document from this menu, a marked‑up version opens, with all identified issues highlighted in red.
Current (Alerts)	The Current Alerts section displays all active alerts that highlight important insights related to your borrower’s linked or uploaded bank statements. These alerts may include: Potential document tampering Gaps in statement history Issues related to account ownership After an alert has been viewed, it automatically moves to the Archived Alerts section for future reference.
Comment	Click the comment icon to add a note to the selected alert line item. When a comment is added, the icon turns solid blue. Any comments will be included on the final Asset Analysis report.
Statement Link	Click the statement link within the alert to view marked‑up version of the document, with all potential issues highlighted in red.
View	Click the View button to jump directly to the account associated with the alert and review its details.
Archived (Alerts)	As you review statement alerts, they are automatically moved to the Archived section. You can revisit archived alerts at any time for reference.

Closing Costs

Closing Costs
Feature	Description
Cash From/To Borrower	To update the Cash From/To Borrower amount, click the amount field and enter the revised Adjusted Balance in the popup that appears.

Closing Costs

Feature

Description

Cash From/To Borrower

To update the Cash From/To Borrower amount, click the amount field and enter the revised Adjusted Balance in the popup that appears.

Deposit

Feature	Description
Deposit
Expand Caret Icon	Click the caret icon to expand the section and view additional details.
View All Transactions	Once the an account is expanded, select View All Transactions to display every deposit and withdrawal included in that account’s statement.
Source Link	In the Source column, each account is labeled as either Uploaded or Linked. Click the source link to view the supporting documentation and download it if needed.
Adjusted Balance	Click into the Adjusted Balance field to manually update the balance. Any changes you make will automatically update the Total Adjusted Balance, refresh the dashboard summary visualizations, and will be included on the final Assset Analysis Report.
Qualifying Status	Click the Qualifying Status dropdown to include or exclude the account’s assets from your calculations. You can choose either Included or Excluded. Note: This feature does not impact Cash Flow Analysis. Changes made using the Qualifying Status dropdown in the Deposits section are not reflected in your Cash Flow Analysis.

Cash Flow tab

The Cash Flow tab enables you to generate a comprehensive Cash Flow Analysis from your borrower’s personal or business bank statement(s), helping you evaluate deposit‑based income. From here you can transform raw bank statement data into consistent, transparent, and defensible income decisions.

To take advantage of the Cash Flow features, you must have already ordered a Verification of Assets (VOA) and Assets Analysis for your borrower’s file.

Tip: Refer to the How to Submit a Verification of Assets (VOA) & Assets Analysis Order article for instructions.

Cash Flow tab features

Borrower Selection: Select the borrower for whom you want to run a Cash Flow Analysis.
Statement Period: Choose the statement period to analyze: 12 months or 24 months.
Calculation Type: Select whether the analysis uses Personal or Business cash flow.
Business Name: Enter the business name associated with the account. This option appears only when Business is selected as the Calculation Type.
Ownership Percentage: Enter the borrower’s ownership percentage for the account.
Fixed Expense Ratio: Enter the fixed expense ratio for the account.
Include Withdrawal Information: Use this checkbox to include or exclude withdrawal information from your analysis. The checkbox is selected by default.
Account Selection: Select or clear the checkboxes next to each account to include or exclude it from the analysis.
Caret Icon: Select the caret icon to expand or collapse a bank account to view additional details and options.
Search Transactions: Use the search and filter options to narrow the results or locate specific transactions.
Expand: Opens the Transactions window, where you can review, filter, and manage transactions included in your analysis.
Included in Calculation (checkboxes): Select or clear the checkbox next to each transaction to include or exclude the transaction from the analysis. To include or exclude all transactions at once, click the Included in Calculation checkbox at the top of the column.
Generate Calculator: Click Generate Calculator to create the Cash Flow Calculator after completing your borrower and account selections.

Cash Flow Calculator features

The Cash Flow Calculator is generated when you select Generate Calculator. It includes tabs that help you review your analysis, make adjustments, and document your findings. You can save the completed calculator and include it in your loan file as supporting documentation.

Bank or Business Bank Statements tab

The Bank Statements or Business Bank Statements tab displays the inputs and results of your Cash Flow Analysis. Use this tab to review cash flow results, evaluate the borrower’s deposit-based income, make adjustments, and document your findings.

Qualifying Income: Displays the qualifying income calculated for your analysis.
Large Deposit %: Defines the percentage used to identify large deposits in your analysis. This field is editable in the calculator.
Ownership Percentage: Displays the account ownership percentage. This field is editable in the calculator but will not be saved in the platform. It should be modified in the Cash Flow Tab for auditability and future use.
Expense Factor: Displays the fixed expense ratio used in the analysis. This field is editable in the calculator but will not be saved in the platform. It should be modified in the Cash Flow Tab for auditability and future use.
NSF Count: Displays the total number of non-sufficient funds (NSF) occurrences identified for the statements included in your analysis.
Reviewed By: Enter the name of the person who reviewed the analysis.
Date: Enter the date the analysis was reviewed.
Income Trend: Shows whether the borrower’s income trend is increasing, decreasing, or constant.
Comments: Enter comments to document and support your assessment.
Total Eligible Deposits (All Accounts): Displays the total eligible deposits across all accounts included in the analysis.
Period: Identifies each statement period included in the analysis.
Start Date / End Date: Displays the start and end dates for each period analyzed.
NSF Count: Displays the number of non-sufficient funds (NSF) occurrences for each statement period.
Monthly Deposits: Displays the monthly deposit amount. Gaps in the statements appear as a $0.00 balance.
Non Cashflow Deposits: Displays deposit amounts excluded from the calculation.
Total: Displays total deposits after Non Cashflow Deposits are excluded.
Withdrawals: Displays the total withdrawal amount for the statement period.
Net: Displays the amount remaining after withdrawals are deducted from the total.
Months Evaluated: Displays the number of months included in the analysis.
Average Deposits: Displays the average monthly eligible deposit amount for the months evaluated.
Total Eligible Deposits: Displays the total eligible deposit amount for the account.

Transactions tab

The Transactions tab displays all transactions for the statement periods included in your analysis. Use this tab to review transactions, adjust which transactions are included in the calculation, and identify large deposits.

Included in Calculation: Use the dropdown to select Yes or No for each transaction. Select Yes to include the transaction in the calculation or No to exclude it. Changes are reflected in the values on the Bank Statements or Business Bank Statements tab.
Yellow Highlights: Identifies deposits that exceed the Large Deposit % defined in the calculator.

NSF tab

The NSF tab displays details for non-sufficient funds (NSF) transactions identified in your analysis, including the statement period, transaction date, amount, and whether the transaction is included in the NSF count.

Include in NSF Count: Select Yes or No to include or exclude the transaction from the NSF count.

Withdrawals tab

The Withdrawals tab displays details for withdrawal transactions identified in your analysis, including the statement period, transaction date, amount, and whether the transaction is included in the calculation.

Included in Calculation: Select Yes or No to include or exclude the withdrawal from the calculation.

Outcome

You can confidently navigate the VOA application and leverage its features to streamline and complete your asset verification workflow.