Experian becomes authorized report supplier of income and employment verification through Fannie Mae’s Desktop Underwriter (DU) validation service
14 June 2022 - 8:00PM
Business Wire
Recognition allows mortgage lenders to validate
borrower income and employment information instantly through
Experian Verify with Day 1 Certainty from Fannie Mae
Experian ® today announced it is now an authorized report
supplier of income and employment verification through Fannie Mae’s
Desktop Underwriter ® (DU ®) validation service. This achievement
makes Experian one of only a handful of verified income and
employment report providers to support Day 1 Certainty ® from
Fannie Mae, which provides freedom from representations and
warranties on validated loan components, including borrower income
and employment status.
Through the integration with Fannie Mae’s DU validation service,
Experian is providing lenders with new solutions for their
verification needs while simplifying the mortgage experience for
consumers.
“We’re committed to unlocking the modern mortgage through data
and analytics, while empowering consumers and providing our clients
with the best insights to help manage risk and make confident
lending decisions in real time,” said Michele Bodda, President of
Experian Mortgage, Verification Solutions and Employer Services.
“Collaboration with industry leaders like Fannie Mae will help us
improve the homebuying experience for more consumers while enabling
lenders to quickly and easily verify a borrower’s income and
employment.”
Fannie Mae’s DU validation service allows mortgage lenders to
instantly access tens of millions of verified and active income and
employment records from Experian’s growing network of exclusive
payroll records through Experian Verify™ to seamlessly accomplish
income and employment verification needs. Experian Verify
eliminates the need for manual document verification and can help
reduce the time and cost associated with mortgage underwriting.
“Collaborating with technology service providers like Experian
can help make the digitization of mortgages a reality,” said
Jennifer Parker, Director, Strategic Alliances, Fannie Mae. “We are
pleased to integrate Experian Verify into the DU validation service
for lenders to quickly and easily complete their income and
employment verification needs.”
Experian Verify launched in the spring of 2021 and has already
become a valuable solution in helping lenders across industries
accomplish their verification needs.
Becoming an authorized report supplier for Fannie Mae’s DU
validation service is Experian’s latest step to provide lenders
with flexible options for their income and employment verification
requirements. Lenders interested in Experian Verify can integrate
directly with Experian or gain access through one of Experian’s
many integrations with industry-leading loan origination software
platforms.
To learn more about Experian’s Verification Solutions business
and solutions, please visit www.experian.com/verify-mortgage or
https://singlefamily.fanniemae.com/applications-technology/desktop-underwriter-validation-service/du-validation-service-verification-report-vendors.
About Experian
Experian is the world’s leading global information services
company. During life’s big moments – from buying a home or a car,
to sending a child to college, to growing a business by connecting
with new customers – we empower consumers and our clients to manage
their data with confidence. We help individuals to take financial
control and access financial services, businesses to make smarter
decisions and thrive, lenders to lend more responsibly, and
organisations to prevent identity fraud and crime.
We have 20,600 people operating across 43 countries and every
day we’re investing in new technologies, talented people, and
innovation to help all our clients maximise every opportunity. We
are listed on the London Stock Exchange (EXPN) and are a
constituent of the FTSE 100 Index.
Learn more at www.experianplc.com or visit our global content
hub at our global news blog for the latest news and insights from
the Group.
Experian and the Experian trademarks used herein are trademarks
or registered trademarks of Experian. Other product or company
names mentioned herein are the property of their respective
owners.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220614005358/en/
Amanda Garofalo Experian Public Relations 1 714 460 3739
amanda.garofalo@experian.com
Experian (LSE:EXPN)
Historical Stock Chart
From Apr 2024 to May 2024
Experian (LSE:EXPN)
Historical Stock Chart
From May 2023 to May 2024