4506-T Direct and LoanSafe Fraud Manager Reports Now Available on the LendingQB Loan Origination System—
CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, announced that their 4506-T Direct® income verification solution and LoanSafe Fraud Manager® report are now available on the LendingQB® Loan Origination System (LOS). When combined with the previously existing CoreLogic integrations on the LendingQB LOS, Instant Merge credit report, Flood Determination services and valuation solutions, these two new integrations provide LendingQB users with an end-to-end underwriting solution from a single provider.
The CoreLogic 4506-T Direct service provides a simple and reliable way to validate applicant information directly from the IRS. The result is an easy-to-read report with an actual IRS transcript that includes all schedules. The CoreLogic 4506-T Direct service is also approved for use in Fannie Mae’s Day 1 Certainty program, and that functionality is available to users ordering the product via LendingQB.
LoanSafe Fraud Manager is an easy-to-use fraud report and mitigation solution that helps identify mortgage fraud risk by pairing the information from a loan application with CoreLogic proprietary data. Powered by a mortgage fraud consortium of over 100 million loan applications and known fraud outcomes, patented recognition models and one of the most complete property databases in the industry, LoanSafe Fraud Manager is the mortgage fraud risk detection tool trusted by many top mortgage lenders.
LendingQB is a software system that consolidates all aspects of mortgage lending into a single, fully integrated platform. From loan origination to funding, LendingQB is an end-to-end system that leverages the power and cost-efficiency of web-based computing for a smoother, more efficient mortgage lending workflow.
For more information about 4506-T Direct and LoanSafe Fraud Manager, visit corelogic.com
Source: CoreLogic Press Release