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
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.