MOUNT LAUREL, N.J.–(BUSINESS WIRE)–KeyStoneB2B, the fintech solution that delivers competitive advantages for financial services leaders, today announces a new set of verification products using DataVerify, an industry leading provider of mortgage risk assessment and fraud prevention systems. KeyStoneB2B will simplify complex mortgage risk issues through DataVerify’s unique fraud and data integrity analytics.
“DataVerify’s 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 DataVerify, 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 DataVerify 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 DataVerify empowers lending process automation. Loan officers see immediate benefits with the reduction of manual data entry, minimizing redundant tasks and errors.
“The addition of DataVerify modernizes 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.
KeyStoneB2B is an advanced fintech solution with lending process automation that elevates the competitive advantage for financial services leaders. Based on 30+ years of industry and IT expertise, KeyStoneB2B is a robust communications, command and control order management platform that simplifies and speeds the mortgage lending process from months to days. KeyStoneB2B optimizes mortgage servicing, real estate financing and processes for title, appraisal, credit, verification, flood determination, automated valuation models, real estate owned products and more. The technology can be white-labeled offering lenders white-glove service for greater productivity and cost management. Learn more at www.KeyStoneB2B.us.
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