With Resolve you can now do Voice Overs in Fairlight. Setup is required.
Add an audio track for the Voice Over. From the menu select ‘Fairlight -> Patch Input/Output’.
[embedyt] https://www.youtube.com/watch?v=BUVHBdcQRmk[/embedyt]
Make sure the settings for the microphone recording is set at 16bit, 48000 Hz if the audio isn’t appearing after recording. Apparently this is the only format that is recognized. I recorded a voice over using PowerDirector and when I imported it into Resolve the sound track was silent. That was the only clue I had as to where to look for the problem.