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Validating sale of mortgage

You can easily export lists to Excel or other tools to manage and execute marketing campaigns.

Confidently validate borrower-supplied information with Verified Record, along with advanced search options and real-time access to data and recorded documents.

Lenders reviewing bank statements typically dismiss rare overdrafts, but a consumer with numerous overdrafts within the two- to three-month period before closing on a home will most likely be viewed as risky.

Data Tree delivers a single, easy-to-use property, homeowner and mortgage information research solution that equips mortgage professionals in every department to do more in less time, using innovations that are specifically designed to match how your teams search and work.

Many banks provide downloadable VOD forms for lenders on their websites.

A lender that submits a VOD form to a bank gets confirmation of the loan applicant’s account number, whether the account is open or closed, the date when the account was opened or closed and the type of bank account being verified, such as savings, checking or money market.

In some cases, your lender might call your bank to verify your bank account and statements.

Most lenders, however, fill out verification of deposit (VOD) request forms and send them to your bank to verify your account.

Here are just a few examples: Identify prospects and create targeted lists that generate better results with Data Tree’s Advanced Search Filters.The loan representative will then submit your mortgage prequalification application, along with the documents, to the underwriter.Soon thereafter, the underwriter will return one of four possible decisions about your application: approval, approved with conditions, suspended (more documentation required before a decision can be rendered), or denied.Leverage Flex Search to reduce risk and mitigate fraud by accurately verifying asset, lien and other borrower disclosures.Plus, you can instantly order the document images that contain the information you discovered with Flex Search.The bank also confirms the account balance as of the date of the request.The lender might request confirmation of the average balance over a two- to three-month period and the balance at the time of closure, if the account is closed.Plus, the integrated map provides a visual perspective to eliminate certain comparable choices that might skew the estimated value of the property, such as proximity to a golf course or freeway.You can also choose from our selection of AVM’s to compare the appraised property value.You can use the Property Detail report to verify property characteristics, the current home owner, last market sale and recent transactions on a property.When reviewing an appraisal, you’ll be able to use interactive Sales Comparables to find properties similar to the subject property for collateral evaluation.

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  1. Certain components of the loan file – income, employment, and assets – are eligible for validation by DU using electronic verification reports obtained from. When DU validates income, the lender is not required to determine if the borrower is employed by a family member or interested parties to the property sale or.

  2. Updated 09/2017. Case Number Assignment - 2. Single Family FHA Single Family Origination Case Processing Case Number Assignment. Case Number Assignment Workflow. Successful case number assignment is the essential first step toward endorsement for FHA mortgage insurance. A key factor is validation of.

  3. Loan Processing & Underwriting. Confidently validate borrower-supplied information with Verified Record, along with advanced search options and real-time access to data and recorded documents. You can use the Property Detail report to verify property characteristics, the current home owner, last market sale and recent.

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