Chronos Solutions Announces Reporting Services Via Day 1 Certainty

Oct 03, 2017

Chronos Solutions is now providing reporting services through Fannie Mae's Day 1 Certainty program, including the newly approved Taxdoor platform, Chronos' proprietary automated tax return verification system for income verification, and the VODAchek asset verification system.

"This is a crucial step toward achieving Chronos Solutions’ goal of helping America's lenders originate more loans with greater confidence and less exposure to risk," said Chronos Solutions Chief Executive Officer Mark Hikel. "It is also an important differentiator, as it will make our service offerings for our lender customers even more comprehensive."

Taxdoor utilizes the Desktop Underwriter (DU) validation service to add even greater capabilities to an automated, mobile-enabled transcript verification technology that was specifically designed to reduce IRS rejection rates by as much as 75 percent.

VODAchek provides lenders with access to instant, automated electronic bank statements with up to three months of borrower transaction details from 15,000 financial institutions through a secure, Web-based platform with flexible reporting tools.

About the author

NationalMortgageProfessional.com

Link copied

Published

Oct 03, 2017

Sales and Marketing

NMP Deep Dive: The AI Workforce

AngelAi demonstrates how AI agents can handle routine mortgage work, increase originator capacity, and reduce operating costs

Artificial intelligence is moving beyond answering questions and generating content. Increasingly, it can complete the routine work that consumes an originator’s day.That shift could allow mortgage companies to increase production without adding support staff at the same rat...

Analysis and Data

Higher Rates Cool July Mortgage Locks While Non-QM Pushes Past 10%

Purchase locks fell 12% from June as the conforming share dropped to 47.3%, extending the mortgage market’s shift toward more specialized products

Higher mortgage rates erased June’s improvement in borrower demand during July, but the retreat in overall activity concealed a continued shift in where mortgage production is coming from.Total rate-lock volume fell 11.4% from June as Optimal Blue’s benchmark 30-year conform...

Sep

San Francisco, CA

More from

Regulation and Compliance

CHLA Uses Trump Mortgage Order To Renew Push For LO Comp Reform

Community lenders want more flexibility over employee compensation, closing-cost estimates, down payment assistance, and federal supervision of smaller IMBs

Regulation and Compliance

Aug 10, 2026

Servicers Begin Testing Systems Ahead of VA Partial Claim Deadline

VA lenders and servicers have until Nov. 28 to implement the new loss mitigation waterfall and Partial Claim Program

Regulation and Compliance

Aug 06, 2026

ROAD Act’s Housing Incentive May Be Too Small To Move Supply

Realtor.com finds the median city risks losing only about $84,000, although the policy could carry more weight in supply-starved Northeast and Midwest markets

Regulation and Compliance

Aug 05, 2026

CRA Proposal Could Reshape Bank Lending And Affordable Housing Investment

The OCC and FDIC would put more weight on lending while easing community development requirements for hundreds of banks

Regulation and Compliance

Aug 05, 2026

Fannie Mae AI Governance Deadline Arrives Aug. 6

Seller/servicers using artificial intelligence in origination or servicing must have formal policies, oversight, and vendor controls in place

Regulation and Compliance

Jul 31, 2026

Condo Review Deadline Puts Lenders On The Clock

Fannie Mae and Freddie Mac will eliminate abbreviated project reviews for condo applications dated on or after Aug. 3