Your Verification Report Supplier will be a trusted partner, responsible for timely execution of essential steps early in your lending process.
The Desktop Underwriter® (DU®) validation service uses third-party providers to independently validate essential borrower income, asset, and employment data. These third-party providers don't replace your relationship with Fannie Mae; they provide independent data verification reports that dramatically streamline processing of the files you submit to DU.
That means you must work only with Verification Report Suppliers that have completed Fannie Mae's rigorous authorization process.
Fannie Mae offers two ways for lenders to obtain verification reports: through Verification Report Suppliers or Verification Report Distributors.
To be authorized as a Verification Report Supplier, vendors must be pre-qualified and complete a detailed process:
As an Authorized Verification Report Supplier for verification of employment (VOE), verification of income (VOI), and 4506-T tax transcripts, DataVerify meets all Fannie Mae's requirements. The DataVerify platform is directly integrated with the DU validation service and with the IRS's tax return processing system, providing lenders with efficient, timely data submissions and report delivery.
As your trusted partner, DataVerify is dedicated to ensuring lenders have a secure and efficient method for evaluating and delivering income, asset, and employment information. The DataVerify platform provides lenders with the information they need to make informed, consistent, and efficient lending decisions.
Learn more about the advantages of choosing DataVerify Validation Services™.
June is National Homeownership Month, an opportunity to reflect on homeownership and celebrate everyone who plays a key role in making this concept a reality for thousands of Americans each year.