Combined with CoreLogic’s previous integrations, LendingQB users now have an end-to-end underwriting product from a single provider
CoreLogic has integrated its 4506-T Direct income verification product and LoanSafe Fraud Manager reports with the LendingQB Loan Origination System.
In addition to previous integrations between CoreLogic and LendingQB, LOS users now have access to an end-to-end underwriting product from a single provider. Previous integrations include the Instant Merge credit report and Flood Determination services and valuation products.
“This initiative with CoreLogic enables us to provide our clients with industry-leading data and services to enhance their mortgage process,” said David Colwell, vice president of strategy at LendingQB. “By adding LoanSafe and 4506-T products, our clients have seamless access to an entire suite of CoreLogic products that add tremendous value to the lending workflow. We look forward to further innovation opportunities with CoreLogic in the future.”
Through the 4506-T Direct service, applicant information can be directly validated from the IRS. The product output is a report with an actual IRS transcript that includes all schedules. CoreLogic said the service is approved for use in Fannie Mae’s Day 1 Certainty program. The functionality is available to users ordering the product through LendingQB.
LoanSafe Fraud Manager uses CoreLogic proprietary data and loan application information to identify mortgage fraud risk. The tool is powered by a mortgage fraud consortium of more than 100 million loan applications and known fraud outcomes, patented recognition models, and a property database.
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