Items Tagged with 'Income verification'

ARTICLES

  • Veri-Tax announces Fannie Mae D1C integration

    Verification of Employment/Income integrated into Fannie Mae’s Day 1 Certainty
    National verification specialist Veri-Tax announced this week the addition of Veri-Tax Verification of Employment/Income as an eligible report for Fannie Mae’s Desktop Underwriter validation service. Lenders enrolled in Fannie Mae’s DU service now with access to Veri-Tax’s Verification of Employment/Income with Day 1 Certainty, the company said.
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  • ComplianceEase integrates with Fannie Mae's Desktop Underwriter

    Compliance solutions provider now approved for Day 1 Certainty
    Automated compliance solutions provider ComplianceEase announced Tuesday it has fully integrated its 4506xpress income verification solution with Fannie Mae’s Desktop Underwriter platform and is now part of the GSE's Day 1 Certainty program. Now, the company meets Fannie Mae’s standards for income verification, eliminating the need for reverification of IRS Form 4506-T.
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  • Freddie Mac, LoanBeam partner to automate income calculation for self-employed borrowers

    LoanBeam software will be further integrated into Loan Product Advisor
    Last year, Freddie Mac added some technological muscle to its Loan Advisor Suite, partnering with LoanBeam to improve the income verification capabilities of its underwriting program. Now, Freddie Mac and LoanBeam are making that automated income calculation available for self-employed borrowers.
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  • Freddie Mac partnering with LoanBeam to automate income verification

    LoanBeam’s software digitizes paper income documents
    Freddie Mac is partnering with LoanBeam to improve the GSE's income verification offerings. LoanBeam’s software provides automated income extraction and calculation, which basically means that LoanBeam’s software is able to calculate a borrower’s income directly from the borrower’s income documents. And now, Freddie Mac is making this service available to its lenders via the Loan Advisor Suite.
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  • MBA bankrolling IRS $10,000 challenge to 'reimagine' taxpayer experience

    IRS launches crowdsourced competition; changes could ease income verification
    The Internal Revenue Service is launching its first crowdsourced challenge, offering big money to anyone who can come up with the best idea to "reimagine the taxpayer experience of the future." But the money is not coming from the IRS itself. Rather, the funding for the IRS' challenge is coming from an interesting source – the Mortgage Bankers Association.
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  • From HW Magazine

    2015 Trailblazers: Equifax

    Providing trended credit data for Fannie Mae's underwriting platform
    Today, many lenders verify an applicant’s employment and income themselves, often by having consumers provide W-2s and pay stubs. This is not only a time-intensive process that relies on consumers, but it also increases the risk to lenders due to a potential for fraud because the employer is removed from the process.
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