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Mortgage Cadence Offers Integration with Fannie Mae EarlyCheck

""Mortgage Cadence, LLC"":http://www.mortgagecadence.com, a Denver-based provider of enterprise lending solutions (ELS), loss mitigation technology, and document services for the financial services industry, announced it will support ""Fannie Mae's Loan Quality Initiative"":https://www.efanniemae.com/sf/lqi/index.jsp (LQI) with the direct integration of EarlyCheck.

According to Mortgage Cadence, the integration will validate critical data prior to delivering a loan to Fannie Mae and reduce funding and pooling delays after submission.

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""Fannie Mae"":http://www.fanniemae.com launched the LQI to promote improved loan delivery data. EarlyCheck was developed to ensure that delivered loans meet standard and negotiated terms with fewer delivery stops.

""EarlyCheck"":https://www.efanniemae.com/sf/technology/ou/earlycheck/index.jsp, which offers multiple data checks including DU findings validation, identity checks, property and occupancy checks, as well as eligibility and calculation verification, eliminates delivery stops by helping lenders identify data issues early on in the loan process.

""Mortgage Cadence has always been and continues to be incredibly proactive in providing our clients with solutions that not only adapt to but take advantage of industry change,"" said Chuck Kimball, EVP of product management for Mortgage Cadence. ""We are offering a direct integration with EarlyCheck to allow our clients to easily and quickly validate data to eliminate errors before submitting a loan to Fannie Mae.""

Mortgage Cadence explained in a statement that the integration is seamless, and lenders are able to submit a loan to EarlyCheck, retrieve the data file, and analyze results without leaving Mortgage Cadence Orchestrator.

In the initial release, results from EarlyCheck can also drive workflow and initiate correspondence to assist lenders with error resolution.

About Author: Heather Cernoch

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