MortgageHippo digital mortgage solution begins offering consumer credit from Factual Data

LOVELAND, Colo. (April 10, 2018)— Factual Data, one of the nation’s premier providers of credit and data validation services to the mortgage lending industry, is teaming with MortgageHippo to provide a modern approach to the digital mortgage process.

The integration of consumer credit reports from Factual Data with MortgageHippo’s customizable point-of-sale digital lending solution will allow loan officers and lenders to maximize time and efficiency by receiving industry-proven credit data within the borrower profile generated from MortgageHippo’s mobile-ready online application.

MortgageHippo’s private label solution allows borrowers to apply for a mortgage and complete the entire transaction online, including Day 1 Certainty™ from Fannie Mae loans. Its digital mortgage platform delivers a complete borrower profile to the loan officer that can be imported, with collected documents, into an existing loan origination system.

“This is an exciting collaboration that allows both companies to enhance their capabilities and provide customers with new features,” said Factual Data President Jay Giesen. “It also helps move the industry forward with an innovation that lenders want and need.”

MortgageHippo President Michael Salichs said the collaboration elevates the company’s ability to provide services with accuracy of data and transparency. “Our clients want the assurance that credit data comes from a credible, reputable source,” he said. “For lenders, accurate data is an important key to a viable and competitive digital strategy. This integration meets both of those needs and allows them to discover a better way of conducting business.”

About Factual Data

Factual Data is a trusted provider of credit, risk mitigation, flood, and verification services to the mortgage industry. Leveraging innovative technology and deep industry experience, Factual Data simplifies the mortgage lending process for its customers and their borrowers. For information, please call 800-275-3389 or visit www.factualdata.com.

About MortgageHippo

MortgageHippo works with lenders to devise and implement their digital mortgage strategies using its borrower-centric digital lending platform. The MortgageHippo platform allows lenders to deliver a modern borrowing experience, improve borrower conversions, significantly reduce origination costs and integrate with other innovative technologies. MortgageHippo's platform is fully customizable to lender preferences and configurable to lenders' workflows and processes. For more information, visit www.mortgagehippo.com.

PRESS CONTACTS

Factual Data
Chris Horn
(970) 619-7017
chorn@factualdata.com

MortgageHippo
Michael Salichs
(855) 466-6789
michael@mortgagehippo.com