Rapid Reporting Verification Company has partnered with Magellan Lender Services to provide mortgage lenders with a more comprehensive solution for mortgage fraud, which will check the validity of both borrower and collateral-related data used to evaluate and approve mortgage loan applications.
As part of the agreement, Rapid Reporting will provide borrower-related verifications and Magellan will provide collateral-based verifications in a reciprocal partnership, offering one-stop coverage for lenders.
Fort Worth, Texas-based Rapid Reporting Verification Company is a national provider of income and identity verification products for mortgage lenders. For more information, call (888) 749-4411 or visit www.rapidreporting.com.
San Francisco-based Magellan Lender Services is a provider of valuation and fraud detection services. For more information, call (415) 398-5477 or visit www.magellanls.com.