Skip to main content

CIS Completes Day 1 Certainty Integration

NationalMortgageProfessional.com
Oct 12, 2017
Fleishman & Associates has announced the roll out of its proprietary Real Estate Taxpayer Mortgage Qualification Program (MQP)

CIS has announced their 4506T Tax Transcript Service is now integrated to Day 1 Certainty from Fannie Mae through Desktop Underwriter (DU) validation service. Verification of Deposit/VOD and Verification of Employment/VOE through CIS were integrated with the initial launch of Day 1 Certainty.
 
“This integration streamlines procedures and saves cost through the ability to reissue original reports,” said Mike Brown, CIS President and Chief Executive Officer. “CIS clients benefit from requesting all credit and verification reports required by mortgage underwriting from one platform. Single-request-functionality is an efficiency that results in faster, more accurate, compliant loan packages and ultimately a better borrower experience.”
 
Fannie Mae’s Day 1 Certainty provides greater speed, certainty, reps and warrants relief, and efficiencies by streamlining the traditional paper-based mortgage process. Third-party validation of tax return information, employment, income, deposits and assets is required for mortgage origination. CIS has been providing credit and verification solutions for more than 30 years.
 
“Our operations centers on the East and West Coasts process 4506T requests on a proprietary platform that enables us to review, monitor and track each request, delivering industry-leading turn-times and low IRS rejection-rates”, said Brown. “We are pleased to complete this integration to Day 1 Certainty, giving our clients the ability to participate in this excellent new Fannie Mae program.”


 
Published
Oct 12, 2017
Mortgage Forbearance Changes Create Challenges for Servicers

65% Of All Plans Would Expire By The End of 2021

Regulation and Compliance
Aug 02, 2021
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021