Kroll Factual Data addition to ISGN platform to help lenders comply with Fannie Mae Loan Quality Initiative Two more platform additions to speed up tax return and employment verifications Business Wire LOVELAND, Colo. -- January 8, 2013 Kroll Factual Data, Inc. (“Kroll Factual Data”), a leading provider of independent verification services to mortgage lenders, banks, credit unions and property management firms, announced today the addition of several Kroll Factual Data product integrations into the ISGN^® MORvision^™ Plug-In Partner platform, an advanced, automated mortgage lending system that automates every aspect of loan origination. Kroll Factual Data’s Loan Review Report (LRR), a product specifically designed to help clients comply with Fannie Mae’s Loan Quality Initiative (LQI), will become available in January 2013. Future Kroll Factual Data releases, all planned for the first quarter of 2013, will include Tax Return Verifications and Verification of Employment services. Kroll Factual Data Bureau Express Credit Reports and Flood Determination Reports are already integrated into the platform. A primary focus of Fannie Mae’s LQI is to stop the wave of repurchase demands by capturing critical loan data earlier in the process and validating it before, during, and immediately after loan delivery. Kroll Factual Data’s Loan Review Report is a specially formatted tool designed to simplify the process of identifying undisclosed liabilities, helping lenders comply with the guidelines established in the LQI and mitigate repurchase risk. As an independent verification tool, Loan Review Report is an efficient and cost-effective solution that includes a credit report, updated tradeline balances and a Mortgage Electronic Registration System (MERS) search. “Partnering with ISGN by integrating our services with their MORvision Plug-In Partner platform is something that we take great pride in and believe will be very beneficial to our mutual clients,” said Damon Littlejohn, Director Channels and Alliances at Kroll Factual Data. “With the government’s heightened scrutiny on the completeness and accuracy of information underlying loan decisions, we believe the availability of our Loan Review Report is especially timely for lenders concerned with mitigating this risk.” Focused solely on the mortgage industry, ISGN offers comprehensive end-to-end mortgage solutions for both lenders and servicers. Their robust portfolio of integrated mortgage processing solutions and award-winning technology reflect their deep experience in the industry. “ISGN and Kroll Factual Data share a common commitment to helping clients optimize their operations, mitigate risk and improve compliance through diverse, high-quality solutions,” said Ankush Dham, Director of Technology Products and Services at ISGN. “We are pleased to expand Kroll Factual Data’s presence on our MORvision platform with the addition of these three new services.” About Kroll Factual Data Kroll Factual Data is a trusted provider of independent verification services to mortgage lenders, banks, credit unions, and property management firms. For more than 25 years, Kroll Factual Data has helped clients confidently make prompt, accurate decisions that mitigate risk, enhance safety and soundness, and increase profitability. By aggregating and analyzing information, Kroll Factual Data helps its customers protect its financial assets and make informed decisions. Kroll Factual Data is part of the Altegrity family of businesses. Altegrity is a leading global information services company with 10,500 employees in 30 countries united by a common mission to help government and commercial clients by uncovering, reviewing, analyzing and delivering information. For more information, visit www.krollfactualdata.com. About ISGN ISGN is a leading provider of mortgage technology and services. A fast-growing company with more than 1,000 customers, including large global banks and a majority of the top 10 lenders in the country, ISGN’s product line includes a complete range of solutions for lenders, brokers and servicers. ISGN is funded by the highly regarded venture firms New Enterprise Associates (NEA) and IndoUS Venture Partners (IUVP), and by CFCL Overseas Limited, an SPV of Chambal Fertilisers and Chemicals Limited, a KK Birla company. Based in Melbourne, Fla., ISGN now employs more than 1,000 people across five domestic centers and two international facilities. For more information, visit www.isgn.com. Contact: ISGN Lauren Schuster, 678-781-7209 or Kroll Factual Data Chris Horn, 970-619-7019 email@example.com
Kroll Factual Data addition to ISGN platform to help lenders comply with Fannie Mae Loan Quality Initiative
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