has announced a new set of verification products using DataVerify
to simplify complex mortgage risk issues through DataVerify’s unique fraud and data integrity analytics.
“DataVerify’s solutions automate data validation steps in the lending process, increasing efficiencies, performance, and controls, while reducing approval and processing timeframes,” said James V. Luisi, Chief Information Officer and Chief Technology Officer for KeyStoneB2B. “With DataVerify, the mortgage lenders integrated in KeyStoneB2B get quick access to 1040 and W-2 data from the IRS to gain greater visibility into the credit-worthiness of borrowers. The result is faster, more confident decision making for loan origination.”
A major factor in speeding the credit verification process is that DataVerify delivers structured data—not just a PDF of the 4506-T and Social Security Award letter. A PDF, or picture of IRS forms, requires manual entry and slows decision making, while structured data from DataVerify empowers lending process automation.
“The addition of DataVerify modernizes mortgage loan processing through automation,” said Morell Maison, Sales, Marketing and Digital Strategist for KeyStoneB2B. “Mortgage lenders and financial institutions save time, increase accuracy and manage costs. Another major benefit is that automated processes assist with more consistent underwriting decision-making. This new credit reporting feature complements our previously announced new title and appraisal products. KeyStoneB2B is continuously expanding our service offerings to improve mortgage lenders’ bottom line.”