CoreLogic’s fraud and income verification solutions are now integrated with LendingQB’s loan origination system, thus enabling mortgage lenders using LendingQB to streamline their underwriting processes.
More specifically, CoreLogic’s 4506-T Direct income verification solution and LoanSafe Fraud Manager report are now available on the LendingQB platform.
These are in addition to existing integrations with CoreLogic’s Instant Merge credit report, flood determination services and valuation solutions.
As such, CoreLogic and LendingQB now offer a complete, end-to-end underwriting solution.
CoreLogic’s 4506-T Direct service allows lenders to validate applicant information directly from the IRS. The result is an easy-to-read report with an actual IRS transcript that includes all schedules, the company says in a release.
CoreLogic’s 4506-T Direct service is also approved for use in Fannie Mae’s Day 1 Certainty program, and that functionality is available to users ordering the product via LendingQB.
LoanSafe Fraud Manager is a fraud report and mitigation solution that helps identify mortgage fraud risk by pairing the information from a loan application with CoreLogic proprietary data.
It is powered by a mortgage fraud consortium of more than 100 million loan applications and known fraud outcomes, patented recognition models and one of the most complete property databases in the industry, the company claims.
LendingQB, meanwhile, consolidates all aspects of mortgage lending into a single, fully integrated platform. The end-to-end system leverages the power and cost-efficiency of web-based computing for a smoother, more efficient mortgage lending workflow, the company claims.