Mortgage Lifecycle - Production Version

Solutions Built for Mortgage

Enhanced mortgage verification solutions give lenders the ability to digitally access pertinent employment and income information throughout the mortgage loan process. Pay one flat fee for each solution to help make forecasting your verification costs easier and provide a better customer experience.

Meet your customers' expectations with an effortless, digital solution.

70%

Agree that it should take 10 days or less to get a mortgage.*

66%

Like the online application process because of a quicker time to close.**

Application

Application occurs when a borrower submits an application form, most commonly the Uniform Residential Loan Application, to a lender in order to apply for a mortgage to purchase a home.

Mortgage Preferred™

Mortgage Ultimate™

Mortgage Duo™

Employment Select™

Provides a 12-month view of a borrower’s income and employment history (active and inactive records).

All Employers Within 12 Months™

our solutions compared

Good for use during point of sale, application or underwriting.

All Employers Within 12 Months™

pre-approval

Application

of homebuyers

of all borrowers

Underwriting

Closing

This is the last step in buying and financing a home. The "closing,” also called “settlement,” is when all the other parties in a mortgage loan transaction sign the loan documents. After signing these documents, the consumer becomes responsible for the mortgage loan.

Post Closing is where all documents signed at the closing table are properly filed and/or mailed to the appropriate parties and all necessary payments as itemized on the settlement statement are sent out as scheduled.

Post Closing

The process by which a lender collects interest, principal, and escrow payments from a borrower and monitor their held portfolios.

Servicing

Includes 1x VOI for one borrower.

All Employers Within 24 Months™

All Employers Within 36 Months™

Mortgage Preferred™

Good for use during point-of-sale, underwriting, and just before closing.

Includes up to 4 verifications with the same filters (VOI or VOE).

Mortgage Ultimate™

Good for use during point-of- sale, underwriting, and just before closing.

Allows verifiers to purchase multiple verifications at one flat rate, for a borrower and a co-borrower.

Mortgage Duo™

Good for use during point-of- sale, underwriting, and just before closing.

Allows verifiers to purchase multiple offerings at one flat rate.

Mortgage Complete™

Good for use just before closing.

Includes 1x VOE

Employment Select™

Allows verifiers to purchase multiple verifications at one flat rate.

*2019 Equifax Consumer Study / SurveyMonkey **Ellie Mae 2019 Borrower Insights Survey

Includes 1x VOI, an additional VOI or VOE, 1x manual VOI/E*, IRS Transcript (4506-C) Fulfillment Service (two years).

*Manual VOI/E verification service is utilized to capture data unavailable instantly in The Work Number® database.

Discover how we help speed your business and your customers throughout the mortgage loan process.

VOI

Mortgage Complete Duo™

Point-of-sale is often the first time the borrower engages with the lender to initiate the mortgage origination process. Point-of-sale software provides borrowers with a tool that allows them to interact with a mortgage lender digitally, while also allowing the lender to automate and optimize their back-office processes for a more efficient mortgage origination process.

Point-of-Sale

All Employers Within 12 Months™

All Employers Within 24 Months™

All Employers Within 36 Months™

Mortgage Complete™

Best For: Quick processing of creditworthy borrowers who require limited income and employment history to gain approval.

All Employers Within 12 Months™

All Employers Within 24 Months™

All Employers Within 36 Months™

Mortgage Preferred™

Mortgage Ultimate™

Mortgage Duo™

Mortgage Complete™

Mortgage Complete Duo™

Employment Select™

Provides a 24-month view of a borrower’s income and employment history (active and inactive records).

Best For: Verifiers needing to obtain the 2 years of available income and employment history data required by standard Government-sponsored Enterprises (GSE) guidelines.

All Employers Within 24 Months™

Provides available income and employment records dating back 36-months from the request (active and inactive records).

Best For: Helping verifiers with loan decisioning, underwriting and risk decisions related to a more complicated consumer income profile.

All Employers Within 36 Months™

Provides available income and employment records dating back 90-days from the request, as well as available inactive records going back 24 months ( up to 4 verifications with the same filters (VOI or VOE) included).

Best For: Verifiers needing multiple income and/or employment verifications during loan origination.

mortgage ultimate™

Provides available income and employment records dating back 60-days from the request, as well as available inactive records going back 24 months.

Best For: Verifiers wanting the most recent income and employment records, and access to historical payroll data.

mortgage preferred™

Provides available income and employment records dating back 24-months from the request, for a borrower and co-borrower (active and inactive records). Includes an additional VOI or VOE for both borrowers.

Best For: Verifiers needing to obtain income and/or employment verification for a borrower and a co-borrower.

mortgage duo™

Provides available income and employment records dating back 24-months from the request, for a borrower (active and inactive records). Includes up to 2 VOI or VOE, plus 1x manual VOI/E, and IRS Transcript (4506-C).

Best For: Verifiers who may need to verify income and/or employment from multiple sources (for one borrower).

mortgage complete™

Provides available income and employment records dating back 24-months from the request (active and inactive records). Includes up to 3 VOI or VOE, plus 1x manual VOI/E, and IRS Transcript (4506-C) (for a borrower and a co-borrower).

Best For: Verifiers who may need to verify income and/or employment from multiple sources (for a borrower and a co-borrower).

mortgage complete duo™

Provides available active employment records dating back 60-days from the request.

Best For: Verifiers needing employment verification tailored specifically for loan closing.

employment select™

All Employers Within 12 Months™

All Employers Within 24 Months™

All Employers Within 36 Months™

Mortgage Preferred™

Mortgage Ultimate™

Mortgage Duo™

Mortgage Complete™

Mortgage Complete Duo™

Employment Select™

All Employers Within 12 Months™

All Employers Within 24 Months™

All Employers Within 36 Months™

Mortgage Preferred™

Mortgage Ultimate™

Mortgage Duo™

Mortgage Complete™

Mortgage Complete Duo™

Employment Select™

Mortgage Ultimate™

Mortgage Duo™

Mortgage Complete™

Mortgage Complete Duo™

Employment Select™

Provides a 12-month view of a borrower’s income and employment history (active and inactive records).

Best For: Quick processing of creditworthy borrowers who require limited income and employment history to gain approval.

All Employers Within 12 Months™

Provides a 24-month view of a borrower’s income and employment history (active and inactive records).

Best For: Verifiers needing to obtain the 2 years of available income and employment history data required by standard Government-sponsored Enterprises (GSE) guidelines.

All Employers Within 24 Months™

Provides available income and employment records dating back 36-months from the request (active and inactive records).

Best For: Helping verifiers with loan decisioning, underwriting and risk decisions related to a more complicated consumer income profile.

All Employers Within 36 Months™

Provides available income and employment records dating back 60-days from the request, as well as available inactive records going back 24 months.

Best For: Verifiers wanting the most recent income and employment records, and access to historical payroll data.

mortgage preferred™

Best For: Verifiers needing multiple income and/or employment verifications during loan origination.

mortgage ultimate™

VOI

Best For: Verifiers needing to obtain income and/or employment verification for a borrower and a co-borrower.

mortgage duo™

Best For: Verifiers who may need to verify income and/or employment from multiple sources (for one borrower).

mortgage complete™

Best For: Verifiers who may need to verify income and/or employment from multiple sources (for a borrower and a co-borrower).

mortgage complete duo™

Provides available active employment records dating back 60-days from the request.

Best For: Verifiers needing employment verification tailored specifically for loan closing.

employment select™

Provides a 12-month view of a borrower’s income and employment history (active and inactive records).

Best For: Quick processing of creditworthy borrowers who require limited income and employment history to gain approval.

All Employers Within 12 Months™

Provides a 24-month view of a borrower’s income and employment history (active and inactive records).

Best For: Verifiers needing to obtain the 2 years of available income and employment history data required by standard Government-sponsored Enterprises (GSE) guidelines.

All Employers Within 24 Months™

Provides available income and employment records dating back 36-months from the request (active and inactive records).

Best For: Helping verifiers with loan decisioning, underwriting and risk decisions related to a more complicated consumer income profile.

All Employers Within 36 Months™

Provides available income and employment records dating back 60-days from the request, as well as available inactive records going back 24 months.

Best For: Verifiers wanting the most recent income and employment records, and access to historical payroll data.

mortgage preferred™

Best For: Verifiers needing multiple income and/or employment verifications during loan origination.

mortgage ultimate™

VOI

Best For: Verifiers needing to obtain income and/or employment verification for a borrower and a co-borrower.

mortgage duo™

Best For: Verifiers who may need to verify income and/or employment from multiple sources (for one borrower).

mortgage complete™

Best For: Verifiers who may need to verify income and/or employment from multiple sources (for a borrower and a co-borrower).

mortgage complete duo™

Provides available active employment records dating back 60-days from the request.

Best For: Verifiers needing employment verification tailored specifically for loan closing.

employment select™

Employment Select™

Best For: Verifiers needing multiple income and/or employment verifications during loan origination.

mortgage ultimate™

VOI

Best For: Verifiers needing to obtain income and/or employment verification for a borrower and a co-borrower.

mortgage duo™

Best For: Verifiers who may need to verify income and/or employment from multiple sources (for one borrower).

mortgage complete™

Best For: Verifiers who may need to verify income and/or employment from multiple sources (for a borrower and a co-borrower).

mortgage complete duo™

Provides available active employment records dating back 60-days from the request.

Best For: Verifiers needing employment verification tailored specifically for loan closing.

employment select™

Is a process through which banks/lenders measure the risk of loaning money to a borrower, and to determine if that risk is acceptable. The mortgage underwriting process also ensures that the borrower meets all requirements for the particular loan being offered.

Good for use during point of sale, application or underwriting.

Includes 1x VOI for one borrower.

Good for use during point of sale, application or underwriting.

Includes 1x VOI for one borrower.

Good for use during point of sale, application or underwriting.

Includes 1x VOI for one borrower.

Includes 1x VOI, and an additional VOI or VOE for borrower and co-borrower.

Good for use during point-of- sale, underwriting, and just before closing.

Allows verifiers to purchase multiple offerings at one flat rate, for a borrower and a co-borrower.

Includes 1x instant VOI, an additional VOI or VOE, 1x manual VOI/E*, IRS Transcript (4506-C) Fulfillment Service (two years)

*Manual VOI/E verification service is utilized to capture data unavailable instantly in The Work Number® database.

Mortgage Complete Duo™

Mortgage Ultimate™

Mortgage Duo™

Mortgage Complete™

Mortgage Complete Duo™

Employment Select™

Good for use during point of sale, application or underwriting

Includes 1x VOI for one borrower.

All Employers Within 24 Months™

Good for use during point of sale, application or underwriting

Includes 1x VOI for one borrower.

All Employers Within 36 Months™

Good for use during application or underwriting.

Includes 1x VOI for one borrower.

Mortgage Preferred™

Mortgage Ultimate™

Allows verifiers to purchase multiple verifications at one flat rate.

Includes up to 4 verifications with the same filters (VOI or VOE).

Good for use during point-of-sale, underwriting, and just before closing.

Allows verifiers to purchase multiple verifications at one flat rate, for a borrower and a co-borrower.

Includes 1x VOI, and an additional VOI or VOE for borrower and co-borrower.

Mortgage Duo™

Good for use during point-of-sale, underwriting, and just before closing.

Allows verifiers to purchase multiple offerings at one flat rate.

Includes 1x VOI, an additional VOI or VOE, 1x manual VOI/E*, IRS Transcript (4506-C) Fulfillment Service (two years).

Mortgage Complete™

Provides a 24-month view of a borrower’s income and employment history (active and inactive records).

Best For: Verifiers needing to obtain the 2 years of available income and employment history data required by standard Government-sponsored Enterprises (GSE) guidelines.

All Employers Within 24 Months™

Provides a 36-month view of a borrower’s income and employment history (active and inactive records).

Best For: Helping verifiers with loan decisioning, underwriting and risk decisions related to a more complicated consumer income profile.

All Employers Within 36 Months™

Best For: Verifiers needing multiple income and/or employment verifications during loan origination.

mortgage ultimate™

VOI

Best For: Verifiers needing to obtain income and/or employment verification for a borrower and a co-borrower.

mortgage duo™

Best For: Verifiers who may need to verify income and/or employment from multiple sources (for one borrower).

mortgage complete™

Best For: Verifiers who may need to verify income and/or employment from multiple sources (for a borrower and a co-borrower).

mortgage complete duo™

Provides available active employment records dating back 60-days from the request.

Best For: Verifiers needing employment verification tailored specifically for loan closing.

employment select™

Closing

Good for use during point-of-sale, underwriting, and just before closing.

Allows verifiers to purchase multiple offerings at one flat rate, for a borrower and a co-borrower.

Includes 1x instant VOI, an additional VOI or VOE, 1x manual VOI/E*, IRS Transcript (4506-C) Fulfillment Service (two years).

Mortgage Complete Duo™

*Manual VOI/E verification service is utilized to capture data unavailable instantly in The Work Number® database.

Good for use just before closing.

Includes 1x VOE

Employment Select™

Start Verifying

See how our solutions help at the application stage

Application occurs when a borrower submits an application form, most commonly the Uniform Residential Loan Application, to a lender in order to apply for a mortgage to purchase a home.

See how our solutions help at the point-of-sale stage

See how our solutions help at the underwriting stage

See how our solutions help at the closing stage

66%

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