DataVerify®, a leading provider of risk mitigation and verification services, is pleased to announce that they now offer an automated process that populates required data elements for submission of 4506-T IRS tax transcript information to the Fannie Mae Day 1 Certainty™ data validation service through the Ellie Mae’s (NYSE:ELLI) Encompass® all-in-one mortgage management solution and Total Quality Loan® (TQL®) program. This enhancement allows lenders to improve efficiency in the loan process while reducing errors from having to re key information into additional data fields.
DataVerify is an Authorized Report Supplier of eligible verification reports for Day 1 Certainty from Fannie Mae. Their 4506-T IRS Tax Transcript Verification features the convenience of e-signature backed by the power of DataVerify’s revolutionary platform. The platform evolves dynamically through the origination process, providing lenders comprehensive data aggregation with user simplicity. The result is a highly efficient workflow with consistent results.
“DataVerify recognizes the importance of working with an industry leader such as Ellie Mae to deliver Day 1 Certainty,” said Brad Bogel, Senior Vice President, DataVerify. “By continuing to develop our relationship with Ellie Mae, we hope to elevate the user experience and to continue meeting our customers’ unique needs by providing solutions that ensure a secure and efficient method for evaluating and delivering 4506-T IRS tax transcript information.”
Ellie Mae’s technology solutions help lenders originate more loans, lower origination costs and shorten the time to close and Ellie Mae’s Encompass is an all-in-one, fully integrated solution that covers the entire loan lifecycle and provides one system of record. It automates and simplifies the mortgage process, giving lenders the power to close high-quality, compliant loans more efficiently, no matter what the industry or regulators do next.
About Ellie Mae
Ellie Mae (NYSE:ELLI) is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae’s technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Visit EllieMae.com or call (877) 355-4362 to learn more.
About DataVerify
DataVerify is the premier provider of risk mitigation, data validation, and decision management solutions for the mortgage industry. DataVerify harnesses advanced analytics and technology to create automated and configurable workflow and decision management solutions. Our highly responsive platform empowers lenders to make precise and consistent business decisions through an engine that identifies and measures hidden threats such as data integrity errors and misrepresentations, identity theft, and property and application risk. Engineered to offer optimal flexibility, the DataVerify platform (which incorporates 4506T, SSA, and employment and income verification) allows lenders to manage risks according to their institution’s tolerance level.
For more information about DataVerify, please call 866-895-3282 or access the company's web site at www.dataverify.com.
*Day 1 Certainty and Desktop Underwriter are trademarks of Fannie Mae
Encompass®, Total Quality Loan®, and TQL® are registered trademarks of Ellie Mae, Inc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170801006027/en/
Contacts:
Chris Horn, 970-619-7017
chorn@cbc-companies.com
