{"id":103971,"date":"2024-03-07T07:00:04","date_gmt":"2024-03-07T12:00:04","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=103971"},"modified":"2024-03-06T18:55:44","modified_gmt":"2024-03-06T23:55:44","slug":"informative-research-announces-mortgage-lenders-using-fannie-maes-desktop-underwriter-can-now-validate-income-and-employment-with-accountchek","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/informative-research-announces-mortgage-lenders-using-fannie-maes-desktop-underwriter-can-now-validate-income-and-employment-with-accountchek\/","title":{"rendered":"Informative Research Announces Mortgage Lenders Using Fannie Mae’s Desktop Underwriter Can Now Validate Income and Employment with AccountChek"},"content":{"rendered":"

GARDEN GROVE, Calif., March 7, 2024 (SEND2PRESS NEWSWIRE) — Informative Research<\/a>, a leading technology platform that delivers data-driven solutions to the lending community, announced that lenders using Fannie Mae\u2019s Desktop Underwriter\u00ae (DU\u00ae) can now leverage a 12-month asset verification report to validate income and employment in addition to assets with a single asset report. By using direct deposit banking data to evaluate income and employment, lenders can streamline processes and improve the borrower experience.<\/p>\n

\"Informative
Image caption: Informative Research.<\/em><\/p>\n

\u201cAccountChek has long been a trusted source of data to validate a consumer\u2019s assets, rent payments and cash flow, and now with the ability for lenders to leverage bank account data for the purpose of validating a consumer\u2019s income and employment in DU, we offer even greater value to our customers,\u201d said Informative Research Head of AccountChek Brian Francis. \u201cBy allowing DU users to leverage one report to satisfy multiple verification needs, Fannie Mae has provided lenders with a tremendous lift in terms of productivity and expense management [1]. Additionally, lenders do not have to order a special report to participate in this program, as AccountChek already provides the needed transaction data to DU in the existing asset report.\u201d<\/p>\n

Once borrowers have authorized access to their financial information via AccountChek, the system retrieves the relevant information \u2013 including income deposits, expenses, and account balances \u2013 and generates a comprehensive report summarizing the data. This data is shared with the lender\u2019s point-of-sale platform and\/or loan origination system, and in the AccountChek dashboard. AccountChek\u2019s direct integration with DU ensures the necessary data flows into DU as part of the loan submission to analyze income and employment eligibility along with assets.<\/p>\n

In addition to improving operational efficiency and lowering costs, using a single source of data for assets, income and employment verification may also help lenders:<\/p>\n