ST. LOUIS, MO – January 9, 2018: DataVerify®, a leading provider of verification and risk mitigation services announced today that it will provide 4506-T IRS tax return verification data and Social Security Administration verifications through FinLocker®, a financial data and analytics platform for lenders and consumers.
The FinLocker platform retrieves, verifies, and analyzes borrower financial data for lenders to help reduce costs, time, and risks for all participants in the loan life-cycle. With the consumer’s consent, FinLocker accesses online financial information such as assets, employment, income, credit, and now tax return verifications from DataVerify.
“We are excited to work with FinLocker to provide industry-trusted 4506-T and SSA verifications,” said Brad Bogel, senior vice president, DataVerify. “We are committed to helping our customers improve workflow with accurate verifications and cutting-edge integrations with innovators like FinLocker.”
“FinLocker is committed to providing borrower data that will improve our clients’ margins and mitigate their risk exposure,” said FinLocker CEO, Peter Esparrago. “Integrating with DataVerify aligns with our goals by offering lenders tax return and Social Security verifications that meet regulatory standards.”
DataVerify’s 4506-T IRS tax return verification services feature the convenience of e-signature backed by the power of their DRIVE platform. DataVerify is an Authorized Report Supplier for Day 1 Certainty™ from Fannie Mae, providing Fannie Mae customers with freedom from certain representations and warranties on validated loan components.
About DataVerify DataVerify is the premier provider of risk mitigation, data validation, and decision management solutions for the mortgage industry. DataVerify harnesses advanced analytics and technology to create automated and configurable workflow and decision management solutions. Our highly responsive platform empowers lenders to make precise and consistent business decisions through an engine that identifies and measures hidden threats such as data integrity errors and misrepresentations, identity theft, and property and application risk. Engineered to offer optimal flexibility, the DataVerify platform (which incorporates 4506T, SSA, and employment and income verification) allows lenders to manage risks according to their institution’s tolerance level.
For more information about DataVerify, please call 866-895-3282 ext. 5 or access the company's website at www.dataverify.com.
About FinLocker FinLocker is a secure financial data and analytics platform that eases the pains of the mortgage process for both lenders and consumers. FinLocker enables access to consumer financial data electronically, and applies business rules and other algorithms to verify and analyze employment, income, assets, credit, taxes and other information. FinLocker provides the consumer a re-usable financial locker to utilize for mortgages, auto loans, student loans, small business loans, and other consumer transactions. The company is headquartered in St. Louis, Missouri. For more information, visit FinLocker.com.
Marketing and Project Coordinator
Vice President, Sales