Black Knight Financial Services’ LoanSphere Empower and Exchange Technologies Are Powering Fannie Mae’s Day 1 Certainty With Direct Integration to DU Validation Services
CoreLogic announced that its 4506-T income verification product has fully integrated with Fannie Mae’s Desktop Underwriter platform (UD) to provide Day 1 Certainty service. In November 2016.
· 4506-T Status Update in the Day 1 Certainty Program We are pre-approved and officially registered with Fannie Mae as a designated vendor in their Day 1 Certainty program for Income Validation with our 4506-T Tax Transcript Service. The on-boarding process is in motion, to be followed by a pilot and production phase.
· DataVerify has announced the addition of Verification of Employment and Income (VOE/VOI) Authorized Reports for Day 1 Certainty from Fannie Mae. Lenders using Desktop Underwriter (DU) from Fannie Mae will now have access to DataVerify’s 4506-T IRS Tax Transcript Verifications and Verification of Employment and Income services through DataVerify Validation.
BUT with access to new technology and software your underwriting team can access in 2017, you will now be able to focus their efforts on the loans that need attention (IE loans that do not pass Fannie Mae Day 1 Waivers). Over the next few blogs I will break down what each component of Day 1 is to help you better understand.
Also in conjunction with MBA Annual, following the announcement that its employment and income verifications tools will be integrated with Fannie Mae’s Desktop Underwriter DU Validation Service..
CoreLogic Integrates with Fannie Mae to Provide Day 1 Certainty Service. For more information on how to participate in DU verification service and Day 1 Certainty, visit the CoreLogic DU.
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Make Better Lending Decisions – Faster. As an Authorized Report Supplier for Day 1 Certainty from Fannie Mae, DataVerify provides complete verification services – including verification of employment (VOE), verification of income (VOI), and 4506-T tax transcripts – through the fannie mae desktop Underwriter (DU ) validation service.
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Day 1 Certainty recap fannie mae day 1 Certainty Order reports, review and addresses any discrepancies with the borrower Enter information into DU and submit DU obtains a duplicate copy of the report from the vendor using loan number or reference number DU performs its own income and asset calculations
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