First American Mortgage Solutions, LLC, recently announced it is one of a few vendors able to offer data verification for all three components of Fannie Mae’s Desktop Underwriter (DU) validation service and Day 1 Certainty through FirstAmerican FraudGuard.
Now that First American Mortgage Solutions is an authorized supplier for 4506-T tax transcript service for IRS income verification, benefits include single source for Day 1 Certainty through the DU validation service, easy access to all three verification reports through First American FraudGuard, the ability to order individually or as a suite, and faster reviews with FraudGuard analytics and combined reporting.
According to President of First American Mortgage Solutions, Kevin Wall, the company’s comprehensive verification solution provides lenders with one source to get representation and warranty relief on validated loan components from Fannie Mae.
“By accessing all three reports in a streamlined workflow, lenders will benefit from greater speed and efficiency, supporting their efforts to enhance the borrower experience,” Wall said.
Wall continued to explain how excited the company is to assist lenders in maximizing the value of the Day 1 Certainty program, so they can deliver more loans faster with confidence.
“Transforming the future of the mortgage industry requires alignment across all stakeholders and we are excited to be part of this collaboration,” said Wall.