True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

Top CFPB official “hates” QM rules, jeopardizing safe harbor

A top CFPB official in charge of the rule-making process has heavily criticized the agency's own qualifying mortgage rule, jeopardizing safe harbor.

Don’t sleep on non-QM products

Now is the perfect time for originators to consider expanding to non-QM products – to grow business, diversify their offerings and to ensure an opportunity to better serve their customers.

FintechMortgage

DataVerify announces verification services integration with FinLocker

4506-T and SSA-89 verifications are now available

Verification and risk mitigation services provider DataVerify has announced that it will provide 4506-T IRS tax return verification data and Social Security Administration verifications through financial data and analytics platform FinLocker.

FinLocker retrieves, verifies, and analyzes borrower financial data for lenders to help reduce costs, time, and risks for all participants in the loan lifecycle. With the consumer’s permission, FinLocker accesses financial information such as assets, employment, income, credit, and now tax return verifications from DataVerify.

“We are excited to work with FinLocker to provide industry-trusted 4506-T and SSA verifications,” said Brad Bogel, senior vice president of DataVerify. “We are committed to helping our customers improve workflow with accurate verifications and cutting-edge integrations with innovators like FinLocker.”

“FinLocker is committed to providing borrower data that will improve our clients’ margins and mitigate their risk exposure,” said FinLocker CEO Peter Esparrago. “Integrating with DataVerify aligns with our goals by offering lenders tax return and Social Security verifications that meet regulatory standards.”

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