Del Mar DataTrac moves into new corporate HQ – NMP Skip to main content

Del Mar DataTrac moves into new corporate HQ

National Mortgage Professional
Apr 15, 2009

Kroll Factual Data mitigates loan risk through Third Party Verification MortgagePress.comKroll Factual Data, Third Party Verification, James Donnan Kroll Factual Data, a provider of business information solutions to financial organizations and subsidiary of Kroll Inc., a risk consulting company, announced that the addition of Third Party Verification (TPV) as an expanded service. Third Party Verification addresses the growing need of lenders, servicers, and financial institutions to obtain an unbiased verification of information. Kroll Factual Data provides powerful solutions enabling clients to make qualified and confident business decisions that transfer risk, enhance safety and soundness, and increase profitability. As a third-party service provider that is financially uninterested in the transaction process, Kroll Factual Data provides unbiased, manually verified, information. Third Party Verification improves the quality of loans processed and increases the safety and soundness of the transaction in a cost effective manner. "As the needs of the industry are changing, Kroll Factual Data continues to deliver solutions that help our clients add to the bottom line," said James Donnan, president of Kroll Factual Data. "By utilizing our Third Party Verification services, clients are able to implement a variable cost solution raising efficiency and increasing profitability." Kroll Factual Data performs verifications of information including, identity, employment, assets, tax information, and any outstanding liabilities. Since the work and accuracy of verifications performed become the responsibility of Kroll Factual Data, Third Party Verification gives clients the ability to transfer risk, while producing quality loans faster. For more informaiton, visit www.krollfactualdata.com.
Published
Apr 15, 2009
Lenders Complain FGMC Is 'Radio Silent' On Loans

Company said it would stop purchasing new loans in the wake of its mass layoff last week; seeking court-approved financing.

Industry News
Jun 30, 2022
AnnieMac Home Mortgage Acquires OVM Financial

Wants to expand its outreach into the Mid-Atlantic region.

Industry News
Jun 30, 2022
Ready Life Launches Black-Owned Fintech To Help Underserved Borrowers

Ready Life, led by two Black entrepreneurs, is taking aim at the racial wealth gap by starting a mortgage fintech.

Industry News
Jun 30, 2022
FGMC Files For Chapter 11 Bankruptcy Protection

FGMC notified laid-off 471 employees late Tuesday night that it would pay severance.

Industry News
Jun 30, 2022
FGMC Paying Severance To Ex-Employees

Late-night email tells laid-off workers they'll receive one week of pay for each year of service.

Industry News
Jun 29, 2022
Texas, N.Y. Law Firms File Class-Action Suit vs. FGMC Over Layoffs

Both firms represent a former employee suing over lack of 60-day notice before mass layoff on June 24.

Industry News
Jun 29, 2022