""NCS"":http://www.ncstrv.com, a provider of income, identity, and credit intelligence headquartered in Egg Harbor City, New Jersey, has launched VOE CONFIRM, an advanced employment verification solution that enables lenders to confirm potential borrowers' ability to repay. Verification is provided within 24 to 48 hours.[IMAGE] [COLUMN_BREAK]
Lenders submit their employment verification requests through NCS's secure Web site, and NCS staff members make personal phone calls to verify the employment information given by the potential borrower. The lender then receives a report verifying the accuracy of the employment information.
""While employment verifications are not new to the mortgage industry, the demand for timely and accurate employment verification that delivers the next level of quality assurance is very strong,"" said Curt Knuth, EVP of NCS.
Knuth continued, ""Whether trying to remain in compliance with the Loan Quality Initiative or identify potential fraud, lenders must be able to confirm the information provided on borrower applications. VOE CONFIRM supports that need and complements NCS' extensive line of well-established verifications solutions, including those that confirm income, identity and credit.""
For audit purposes, the report also outlines the details of the accuracy determination process.