Docutech\u2019s integrations with leading technology providers in the mortgage and consumer lending industry are key to helping us deliver end-to-end solutions that enable lenders to streamline loan origination, reduce costs, and optimize the experience for the borrower. In our monthly Industry Spotlight blog series, we highlight key relationships that help us move the industry forward by delivering the most streamlined, accurate, compliant and innovative document experience possible.<\/p>\n
This month, we sat down with Veri-Tax LLC, a leading national verification specialist serving the mortgage, consumer credit, alternative lending, education and other industries. Veri-Tax recently expanded its integrated services with Docutech to help lenders more easily obtain the tax transcripts needed to enroll in Fannie Mae\u2019s Desktop Underwriter\u00ae<\/sup>\u00a0(DU\u00ae<\/sup>) validation service. By expanding the integration between Veri-Tax and Docutech, lenders that use Docutech\u2019s ConformX platform can easily satisfy Fannie Mae\u2019s requirements by placing and retrieving tax transcript orders seamlessly within ConformX, where borrower information is already stored, while shortening the loan process by days.<\/p>\n Tell us more about Veri-Tax\u2019s integration with Fannie Mae\u2019s Day 1 Certainty program<\/strong><\/p>\n This past April, Veri-Tax was pleased to announce the addition of Veri-Tax Verification of Employment\/Income as an eligible verification report for the Desktop Underwriter\u00ae (DU\u00ae) validation service from Fannie Mae. With access to our Verification of Employment\/Income, lenders enrolled in the DU validation service are now able to receive Day 1 Certainty\u2122 in the form of freedom from representations and warranties for validated loan components.<\/p>\n \u201cUnlike other providers with more diffused focus, we are a verification specialist committed to the relentless pursuit of learning and fulfilling our \u2018customer happiness\u2019 promise every day,\u201d\u00a0<\/em>said Nick Lim, CEO, Veri-Tax.<\/strong>\u00a0\u201cIn that spirit, we are thankful for the opportunity to collaborate with the Fannie Mae team in advancing our industry-leading capabilities and we are proud to continue to earn their trust and confidence. Following up on the successful integration of our 4506-T Income Verification services last year, combining our competitively superior Verification of Employment\/Income service with the innovative Day 1 Certainty protections, speed and efficiencies truly creates a compelling value for our customers.\u201d<\/em><\/p>\n How does your integration with Docutech help deliver an outstanding experience to the lenders you work with?<\/strong><\/p>\n Veri-Tax\u2019s partnership with Docutech saves lenders and borrowers time and money by streamlining document management to close their loans quickly and efficiently. Our Docutech integration can automatically create a tax transcript order in the Veri-Tax system as soon as an eSigned 4506T is received in the Docutech platform. Lenders have complete control over utilizing the automation for all orders or placing orders on a case-by-case basis.<\/p>\n For Lenders embracing true end-to-end digital mortgage offerings or for those interested in expanding their digital footprint, how is Veri-Tax leveraging innovative technology?<\/strong><\/p>\n We essentially offer our clients a secure and reliable utility to outsource critical but cumbersome and manually-intensive verification activities. This frees them up to focus on digitizing other aspects of their mortgage value chain. We provide them a flexible and convenient range of interfaces with our technology-enabled services. In the spirit of our \u201ccustomer happiness\u201d promise, we strive to earn our clients trust and confidence that we are relentless in learning and optimizing these verification activities through the pragmatic application of technology in addition to mutually reinforcing people and process innovations.<\/p>\n