NCS, a provider of income, identity and credit intelligence, has announced the launch of VOE CONFIRM, an advanced employment verification solution that enables lenders to better confirm potential borrowers’ ability to repay, helping to ensure overall loan quality. With VOE CONFIRM, lenders submit their employment verification requests through NCS’ secure Web site. Then, NCS conducts the necessary research and its staff of professionals makes personal phone calls to verify the employment information given by the potential borrower. Within 24-48 hours, the lender receives a VOE CONFIRM report that verifies whether or not the employment information provided is accurate.
In addition to verifying the accuracy of the employment information, the VOE CONFIRM report also outlines the details of the steps involved in the accuracy determination process for audit purposes. The information in the report is delivered in an easy-to-understand format that enables lenders to expedite the origination process. Further, the VOE CONFIRM report follows the guidelines established by Fannie Mae and Freddie Mac.
“While employment verifications are not new to the mortgage industry, the demand for timely and accurate employment verification that delivers the next level of quality assurance is very strong,” said Curt Knuth, executive vice president of NCS. “Whether trying to remain in compliance with the Loan Quality Initiative or identify potential fraud, lenders must be able to confirm the information provided on borrower applications. VOE CONFIRM supports that need and complements NCS’ extensive line of well-established verifications solutions, including those that confirm income, identity and credit."
For more information, visit www.ncstrv.com.
