Expedite Asset Verification and Improve Loan Quality
Given the industry’s challenges in both verifying assets for home loans as well as the subsequent assurances in underwriting and quality control, Early Warning recognized the growing benefit of its collaborative business model to improve this process.
Now, lenders and government-sponsored enterprises (GSEs) can more effectively establish home loans as Qualified Residential Mortgages (QRMs) through Early Warning’s ability to locate and verify assets for both the origination and securitization phases of the loan lifecycle. Through this service, liquid asset information is systemically-verified providing operational efficiencies, risk reduction, and an improved customer experience.
Listen to a recent Podcast from National Mortgage News and learn how your organization can efficiently locate and verify assets to improve home loan origination and quality control.
Early Warning’s Account Locator (ALOC) and Asset Search and Verification (ASVSM) services were created to help locate accounts, verify consumer assets and determine deposit account status. ALOC can be utilized to efficiently find where consumers have established bank account relationships. Once the appropriate financial service organization (FSO) has been identified, ASV can help in identifying relevant assets.Early Warning’s Asset Search and Verification Service was developed specifically to ease the burden placed on FSOs while helping to fight fraud in government payment programs.