LendingQB and CoreLogic to integrate 4506-T and Fraud Manager services
COSTA MESA, Calif. — LendingQB, a provider of lean lending loan origination technology solutions, and CoreLogic are pleased to announce new integrations that add to a suite of products from CoreLogic in LendingQB’s Loan Origination Software (LOS). These added integrations include the CoreLogic 4506-T Direct income verification solution and LoanSafe Fraud Manager services alongside the previously integrated CoreLogic Instant Merge Credit Report, Flood Services, and Appraisal Management services. These additional integrations highlight LendingQB’s capability of creating powerful new functionality using open API’s. Lenders will benefit by utilizing a suite of mortgage service products offered directly from one source, offering a simpler and more streamlined lending experience with less vendor management.
The CoreLogic 4506-T income verification integration uses LendingQB’s income verification framework and gives users the ability to upload signed e-Authorizations that are sent to the IRS and provides a means for Tax Return Transcripts to be returned and indexed within LendingQB’s eDocs electronic document management system. The CoreLogic 4506-T integration is Fannie Mae approved for Day 1 CertaintyTM and adds to LendingQB’s existing list of Day 1 Certainty approved vendors.
The LoanSafe Fraud manager utilizes LendingQB’s integration to allow lenders to take advantage of the CoreLogic proprietary fraud database to identify mortgage fraud risk by pairing the data from a loan application and generating a comprehensive fraud report within LendingQB. CoreLogic has become a standard for mortgage fraud tools utilizing patented recognition models paired with a large collection of complete property data and loan application data from the Mortgage Fraud Consortium of over 100 million loan applications.
“The inclusion of 4506-T Direct and LoanSafe Fraud Manager on LendingQB continues our mission of providing mortgage professionals with the most comprehensive suite of products on the most innovative platforms in the industry,” said Kevin Mullins, principal, business development for CoreLogic. “With these new integrations, LendingQB users will now be able to better streamline their workflows with an integrated end-to-end underwriting solution from CoreLogic while taking advantage of automated GSE programs like Day 1 Certainty that can help cut closing times and provide additional rep and warranty relief.”
“Our partnership with Corelogic enables us to provide our clients with industry-leading data and services to enhance their mortgage process,” said David Colwell, vice president of strategy at LendingQB. “By adding Loansafe and 4506-T products, our clients have seamless access to an entire suite of Corelogic products that add tremendous value to the lending workflow. We look forward to further innovation opportunities with Corelogic in the future.”
CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The Company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed solutions. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.
LendingQB is a provider of Lean Lending solutions. The Lean Lending solution consists of a 100 percent web browser-based, end-to-end mortgage loan origination system, best of breed integrations with key industry partners and 'ad optimization' services that result in faster cycle times and lower costs per loan. For more information, please call 888.285.3912 or visit www.lendingqb.com.