Factual Data [1], a Loveland, Colorado-based company providing mortgage credit and verification services to mortgage lenders, announced this week 4506-T IRS tax transcript verification services through Fannie Mae’s Desktop Underwriter, part of the GSE’s Day 1 Certainty [2] program.
Launched in October, 2016, the Day 1 Certainty program insulates lenders from representations and warranties on some parts of the loan origination process.
“Being a participant in this industry-changing program enables Factual Data to continue our long history of providing clients the services required to confidently navigate the mortgage lending landscape,” said Jay Giesen, SVP of Sales at Factual Data.
“Day 1 Certainty from Fannie Mae is a game changer for mortgage lending, and we are proud to be involved.”
A sister company to DataVerify [3], Factual Data “is able to provide clients required verifications backed by the protection of Day 1 Certainty from Fannie Mae,” according to Factual Data.
DataVerify announced [4]this week that it has been approved as an “authorized report supplier” for Day 1 Certainty.