Today, the lack of underwriting automation and subsequent asset assurance is a common pain point for all loan market stakeholders. By digitizing the verification of bank account details, it provides real-time responses and replaces an otherwise lengthy manual process that is highly susceptible to fraud. By simplifying the loan application process for the consumer, it eliminates the burden of providing bank statements and improves the customer experience.
Now, there is an automated tool for lenders and government-sponsored enterprises (GSEs) to search and verify assets for both underwriting and securitization phases of the loan lifecycle. By leveraging cross-bank data, asset information is systemically verified providing operational efficiencies, risk reduction and an improved customer experience for both lenders and GSEs.
Listen to Ravi Loganathan, chief market development officer at Early Warning, a leader in fraud and risk management, and learn how your organization can efficiently locate and verify assets to improve home loan origination and quality control.Sponsored by: