Mount Laurel, N.J. Nov. 27, 2017 – KeyStoneB2B, the fintech solution that delivers competitive advantages for financial services leaders, today announces a new set of verification products using industry leading providers of mortgage risk assessment and fraud prevention systems. KeyStoneB2B will simplify complex mortgage risk issues through unique fraud and data integrity analytics.
“The verification solutions automate data validation steps in the lending process, increasing efficiencies, performance, and controls, while reducing approval and processing timeframes,” said James V. Luisi, chief information officer and chief technology officer for KeyStoneB2B. “With the new verification functions, the mortgage lenders integrated in KeyStoneB2B get quick access to 1040 and W-2 data from the IRS to gain greater visibility into the credit-worthiness of borrowers. The result is faster, more confident decision making for loan origination.”
A major factor in speeding the credit verification process is that KeyStoneB2B delivers structured data — not just a PDF of the 4506-T and Social Security Award letter. A PDF, or picture of IRS forms, requires manual entry and slows decision making, while structured data from KeyStoneB2B empowers lending process automation. Loan officers see immediate benefits with the reduction of manual data entry, minimizing redundant tasks and errors.
“The addition of new verification solutions modernize mortgage loan processing through automation,” said Morell Maison, sales, marketing and digital strategist for KeyStoneB2B. “Mortgage lenders and financial institutions save time, increase accuracy and manage costs. Another major benefit is that automated processes assist with more consistent underwriting decision-making. This new credit reporting feature complements our previously announced new title and appraisal products. KeyStoneB2B is continuously expanding our service offerings to improve mortgage lenders’ bottom line.”
To schedule a demo of the KeyStoneB2B fintech solution, email Morell.Maison@KeyStoneB2B.us or call 561.614.5935.