Informative Research’s data-driven credit and verification solutions are now available via the Dark Matter Technologies Exchange service network.
This will enable more mortgage lenders to streamline verification of income (VOI) and verification of employment (VOE).
Verifying borrower income and employment is time-consuming and costly for mortgage lenders. Informative Research’s Verification Platform solution addresses these pain points by automatically cycling through multiple VOI and VOE report providers until borrower data is successfully verified.
Lenders can configure the platform with Informative Research to optimize costs by ordering reports starting with the least expensive provider.
Additionally, the solution allows lenders to do business with multiple providers without juggling several vendor relationships.
The efficiency gains of verification platform are further amplified when paired with the Empower loan origination system (LOS) and the Exchange service network, allowing for information to flow from the loan into Informative Research’s system of record, ensuring that a record of the order and response is captured in the Empower LOS.
The Empower LOS’s integrations with automated underwriting systems also ensures that any representation & warranty relief obtained by using Informative Research can automatically be pulled into the loan. On top of that, the integration with the Exchange service network makes Informative Research’s platform offering available to other LOSs such as Blue Sage and other systems such as ICE’s MSP Loss Mitigation solution.
“The biggest benefit of this integration is the enhanced efficiency and reduced manual workload for lenders. By making our advanced verification services available via the Dark Matter Exchange service network, lenders can achieve a seamless, automated experience that significantly reduces the need for manual intervention,” says Ryan Kaufman, IT manager, integrations for Informative Research, in a release. “We’ve seen substantial positive impacts with our partners adopting this product. By automating the verification process, lenders can avoid unnecessary orders and ensure that verifications are performed with the right controls, thus mitigating the risk of automation errors.”
“Informative Research is doing wonderful things to revolutionize the verifications space by offering their clients a unique blend of platform services that cover every use case,” adds Jennifer Miller, managing director of partnership products for Dark Matter. “We are happy to welcome their product to the Exchange service network and support its adoption by the Empower LOS users. We look forward to Informative Research’s continued innovation as they bring new products and solutions to the market.”
Photo: Jonny Gios
