Income verification continues to be one of the most critical—and complex—steps in the mortgage underwriting process. Whether you're working with self-employed borrowers, multiple co-applicants, or multi-year income histories, the task of gathering...
Turning Bank Data Into Loan Approvals AccountChek Verification of Assets doesn’t just check bank balances–it can also help lenders verify rental history, as well as income and employment in certain cases, saving time and money while potentially...
Freddie Mac’s recent expansion of Loan Product Advisor® (LPA SM) asset and income modeler (AIM) provides lenders with a smoother closing process and more opportunity to assess for representation and warranty (R&W) relief eligibility related to the...
How Informative Research’s AccountChek Enhances Verification Processes for Mortgage Lenders Fannie Mae’s recent updates to its Desktop Underwriter® (DU®) validation service mark a significant advancement in the mortgage industry’s employment...
Why Are Employment Verifications (VOE) and Income Verifications Necessary? Following the 2008 financial crisis, Congress enacted a host of new measures designed to ensure that the worst excesses of the 2000s were not repeated. One of the reforms,...
Feeling overwhelmed by the numerous options for verifying employment and income? You are not alone. Employment Verification Service providers have been around for over three decades, but new entrants to the pool of vendors have created a crowded...
In the modern mortgage market, particularly post-2008, one of the most crucial aspects of designing and executing a successful product is risk assessment. Gone are the days of borrowers’ cozy relationship with loan officers or bank executives acting...
Following the financial crisis of 2008, U.S. policymakers developed new laws and regulations meant to prevent another economic disaster. One of the more consequential laws passed by Congress was the Dodd-Frank Wall Street and Consumer Protection Act...
