Kroll Factual Data, Inc. announced the addition of several Kroll Factual Data product integrations into Ellie Mae’s Encompass mortgage management solution. Kroll Factual Data’s suite of Third-Party Verifications will be available beginning February 6, 2014 with a suite of Risk Mitigation Services available later this year. Other Kroll Factual Data services currently integrated with Encompass include Bureau Express Credit Reports, Flood Determination Reports, and Loan Review Report, a product specifically designed to help clients comply with Fannie Mae’s Loan Quality Initiative (LQI).
Kroll Factual Data Third-Party Verification services include Verification of Employment (VOE), Verification of Deposit (VOD), Tax Return Verifications (TRV), and Social Security number verifications (SSID).
“The addition of our Third-Party Verification and Risk Mitigation Services into Encompass will streamline our mutual customers’ access to the information used to make verification determinations,” said Damon Littlejohn, Director Channels and Alliances at Kroll Factual Data.
“Independent verification of borrower data and mitigating risk are vital cogs of a high-quality, compliant mortgage,” said Joe Tyrrell, senior vice president of client management and business development at Ellie Mae. “We’re pleased to be able to strengthen Kroll Factual Data’s integration in Encompass and offer our mutual clients an efficient way to access these new services.”