Factual Data [1], a provider of mortgage credit and data validation services to the mortgage lending industry, announced the integration of its credit reporting capabilities with Blend’s digital lending technology.
The integration provides lenders using Blend’s mortgage application platform with Factual Data credit reporting services as part of the process.
“Both consumers and lenders are looking for reliable credit data as part of the mortgage process,” said Factual Data President Jay Giesen. “This integration helps to improve efficiencies, lower risk and give modern borrowers the kind of experience they are looking for.”
Blend’s Head of Business Development Brian Martin said integrating highly trusted credit data into the company’s digital platform is a crucial aspect of meeting consumer expectations today.
“Blend collaborates closely with banks and other lenders to give consumers a more intuitive, faster, and safer way to apply for a loan or mortgage,” Martin said. “The integration with Factual Data provides an additional solution that simplifies and streamlines the process for both lenders and consumers.”
Factual Data, based in Loveland, Colorado, is a provider of credit, risk mitigation, flood, and verification services to the mortgage industry. Using innovative technology and deep industry experience, Factual Data simplifies the mortgage lending process for its customers and their borrowers.