News Releases

Employment and Income Verification for Day 1 Certainty™ from Fannie Mae Now Available

Factual Data®, a leading provider of credit and verification services to the mortgage lending industry, announced today the availability of Employment and Income Verification Services in addition to their previously announced availability of 4506-T IRS Tax Transcript Verifications as part of Day 1 Certainty™ from Fannie Mae.

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Factual Data® Integrates Credit Solutions with PreApp 1003®

Factual Data, a leading provider of credit and verification services to the mortgage lending industry, today announced an integration with PreApp 1003®, a cloud-based pre-qualification system designed for mobile devices. With PreApp 1003, lenders will now have access to Factual Data’s credit solutions during the pre-qualification process.

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Factual Data® Announces Jay Giesen’s Promotion to President

As president, Giesen will lead national and regional sales efforts and strategic initiatives for the leading provider of credit and verification services. Giesen has been with the Colorado-based organization since January 2014, most recently serving as senior vice president.

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LexisNexis RiskView Liens & Judgments Report Now Available as Part of Factual Data’s Credit Verification Services

New integrated report provides mortgage lenders liens and judgments data to continue to assess consumer creditworthiness in line with established processes and workflows.

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Factual Data to offer LexisNexis® RiskView™ Liens & Judgments Report, Limiting Risk for Home Mortgage Lenders

As of July 2017, liens and judgments data will no longer be included in traditional credit scores; Factual Data to offer the LexisNexis RiskView Liens & Judgments Report to lenders, filling that gap.

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Factual Data® Announces Day 1 Certainty™ from Fannie Mae Services Available

Factual Data®, a leading provider of mortgage credit and verification services to the mortgage lending industry, announced today the availability of 4506-T tax transcript verification services as part of Desktop Underwriter® (DU®) validation service, Day 1 Certainty™ from Fannie Mae.

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Important IRS Update

The Internal Revenue Service (IRS) is currently processing the 2016 tax year for 1040s, 1120s, 1120S and 1065s. Employers are also preparing to send 2016 salary and wage reporting documents, W2s and 1099s beginning in April. The IRS allows for the current tax year plus three (3) previous tax years; therefore, the 2012 tax year is no longer available.

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Ellie Mae® Selects Factual Data for new Encompass Consumer Connect™ Solution

Factual Data announces they are one of the first approved vendors for Ellie Mae’s Encompass Consumer Connect™. Ellie Mae® is connecting with the next generation of home buyers with this visionary new application by creating a self-service, online loan application process.

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BeSmartee Mobile App Integration

Factual Data is pleased to announce a new integration with BeSmartee, LLC, a mobile-friendly, online loan application system. With credit history provided by Factual Data, BeSmartee is a do-it-yourself platform which enables a consumer to go from application to approval to underwriting in about 20-30 minutes.

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New Integration with ReverseVision LOS

Factual Data is pleased to announce a new partnership with ReverseVision. ReverseVision users will now be able to order Factual Data BureauExpress™ - Merged Credit Reports through their software. BureauExpress - Merged Credit Reports provide lenders with: Customized report formats with easy, straight-forward ordering, credit supplements available from directly in the report, and liabilities populate automatically from the report. These features and more make Factual Data and ReverseVision your perfect partners in the reverse mortgage industry.

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