What is a Job Letter / Letter of Employment?
A job letter is a document that is provided by the borrower’s employer that lists out the borrower’s position as an employee, their length of employment as well as their income.
How do you get a Job Letter / Letter of Employment?
Reach out to your employer’s HR department or if your company does not have an HR department, request it from a member of the senior leadership team.
- Company Letterhead: This includes the company logo (if applicable)
- Company Contact information: Full address and contact number
- Date: Ensure that the job letter is up to date. If it is over a month old, the lender may request a newer version.
- Re line: This line is not mandatory, however, if included, it will reference that it is an employment letter (or job letter) for the respective borrower
- To line: If there is a specifc individual (broker or lender) that name should be written. Otherwise, it can say “To whom it may concern”
- Borrower’s Position: The borrower’s (employee) position as well as if their job is full-time, part-time, contact, etc.
- Employment Date: This is the date that the employee was first hired
- Income: This line will include the annual income that is earned by the employee, as well as if the income was salary, hourly or commission. Additional forms income, such as a bonus, have to be listed our on a separate line than the annual income.
- Job Letter Writer’s Signature: The writer of the job letter will have to sign the document
- Job Letter Writer’s information: The writer of the job letter must have their full name and title must be included as it is possible that they will be contacted.