DataVerify recently announced that they now offer an automated process that populates required data elements for submission of 4506-T IRS tax transcript information to the Fannie Mae Day 1 Certainty data validation service through the Ellie Mae’s Encompass all-in-one mortgage management solution and Total Quality Loan program.
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As children, many people imagined a future filled with robots that did your chores. Fast-forward to present day and learn how automation and AI are transforming the mortgage industry.
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Today’s lenders are learning how to navigate the rules’ changes, as cost and compliance issues arise. Editor's note: This select print feature appears in the June 2016 edition of MReport magazine.
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Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. Mike Flores, VP Sales & Marketing at Snapdocs Inc., explains how augmentation and automation is key for the mortgage industry, especially when there’s zero room for error due to regulatory and revenue risk.
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