The company is using fraud and data integrity analytics from DataVerify, a provider of mortgage risk assessment and fraud prevention systems.
“With DataVerify, the mortgage lenders integrated in KeyStoneB2B get quick access to 1040 and W-2 data from the IRS to gain greater visibility into the credit-worthiness of borrowers,” said James Luisi, Keystone B2B chief information officer and chief technical officer. “The result is faster, more confident decision-making for loan origination.”
“The addition of DataVerify modernizes mortgage loan processing through automation,” said Morell Maison, sales, marketing, and digital strategist for KeyStoneB2B. “Mortgage lenders and financial institutions save time, increase accuracy, and manage costs. Another major benefit is that automated processes assist with more consistent underwriting decision-making. This new credit-reporting feature complements our previously announced new title and appraisal products. KeyStoneB2B is continuously expanding our service offerings to improve mortgage lenders’ bottom line.”
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KeyStoneB2B has launched a set of verification products that aims to help mortgage lenders manage costs and speed the application process.