Equifax Announces New Developments at Recent MBA Annual Convention
New developments are on the horizon at Equifax, and attendees of the recent MBA Annual Convention & Expo were the first to hear how the company is joining forces with leaders in the industry to simplify the loan origination process and move mortgage into the future. Take a look at the headlines below:
Fannie Mae Introduces Time-Saving Income and Employment Verifications from Equifax Into Its Validation Service Powered by Desktop Underwriter®
Industry-leading employment and income verifications tools, including The Work Number®, manual employment/income verifications and 4506-T tax transcript services, will be integrated to provide a significant automation to the underwriting process.
Equifax Now the “Gold Standard” with the Addition of Asset Verification
FormFree’s AccountChek™ web-based platform will provide verification of assets alongside employment and income verifications data from Equifax – raising the bar for what lenders should expect as it relates to speed of the verifications process.
Roostify’s Mortgage Decisioning Process Gets Faster with Addition of Instant Employment and Income Verification from Equifax
Integrating The Work Number® from Equifax will enable lenders to access instant employment and income verification within the Roostify platform.
Equifax Now Offers SmartTargeting Platform Powered By SmartZip
The SmartTargeting platform allows lenders to leverage a pre-mover score, which is a predictive analytic score, to zero in on identified homeowners with automated marketing campaigns.
LoanBeam to Incorporate Equifax 4506-T Tax Transcript Tool into Income Calculation Solution
The combination of both LoanBeam and the Equifax 4506-T product will help to reduce delays that could potentially slow the overall loan process as a result of rejected IRS transcript requests, while enhancing the borrower experience.
“We recognize that the trajectory of the mortgage industry directly corresponds with the increasing demand for a frictionless origination process,” said Craig Crabtree, general manager of Equifax Mortgage Services. “Equifax is uniquely positioned to provide lenders with data that will help increase transparency and create a streamlined experience that coincides with today’s expectations for expediency.”
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