CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today 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.
“The inclusion of 4506-T Direct and LoanSafe Fraud Manager on LendingQB continues our mission of providing mortgage professionals with the most comprehensive suite of products on the most innovative platforms in the industry,” said Kevin Mullins, principal, business development for CoreLogic. “With these new integrations, LendingQB users will now be able to better streamline their workflows with an integrated end-to-end underwriting solution from CoreLogic while taking advantage of automated GSE programs like Day 1 Certainty that can help cut closing times and provide additional rep and warranty relief.”
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.
“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.”
For more information about 4506-T Direct and LoanSafe Fraud Manager, visit corelogic.com
CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled services provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.
CORELOGIC, the CoreLogic logo, 4506-T DIRECT and LOANSAFE FRAUD MANAGER are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective owners.
Alyson Austin Corporate Communications CoreLogic email@example.com