Halcyon is integrating with Fannie Mae’s Desktop Underwriter (DU) validation service, with final authorization at a later date.
This new integration utilizes the widely recognized IRS 8821, modernized by Halcyon to provide speed, accuracy, and flexibility.
Halcyon leverages its team’s extensive 25-plus years of experience in tax preparation and financial services to offer a cutting-edge solution. The Halcyon system delivers a comprehensive array of 64 tax transcripts—every transcript the IRS has available—from W-2s through K1s and 1120 business transcripts, in both PDF and JSON formats.
“Our initiative with Fannie Mae signifies an important step towards the future of digital underwriting,” says Kirk Donaldson, CEO of Halcyon and founder of LoanBeam, in a release. “By reintroducing the long-established IRS 8821 in a modernized form, we’re setting a new benchmark in mortgage processing. Our expertise in the mortgage sector and deep understanding of income verification processes allow us to craft solutions that are not only innovative but also deeply rooted in industry needs.”
The integration ensures data integrity by sourcing directly from the IRS, entirely eliminating errors commonly associated with manual data entry, OCR, and visual checks.
Photo: Jonny Gios