VVOE, WVOE, eVOE, re-VOE, VOA, VOD, VOM, VOR, and SSA-89
There exists a large, diverse plethora of verification products offered within KeyStone
These include verbal verification of employment (VVOE), written verification of employment (WVOE), electronic verification of employment (eVOE), re-verification of employment (re-VOE), verification of assets (VOA), verification of deposit (VOD), verification of mortgage (VOM), verification of rental (VOR), and verification of social security number (SSA-89).
The approved providers of these products also offer an advanced feature set that was purposefully designed by KeyStone to improve the lender experience, improve compliance and the ability to audit, and which vitally enhance lender profitability as well.
While the reseller owns the direct vendor relationship with verification providers, KeyStone provides an outstanding selection of options and facilitates a low cost service to track orders and fulfillments, including provider scorecards, consolidated reporting and invoice reconciliation for the lender.
The key to vendors in this space is integrity. While some of the largest known providers willingly charge exorbitant fees for successive failed retries of employment verification, KeyStone will not certify providers that participate in abusive business practices within its network for use by resellers and lenders that rely upon KeyStone to participate and assist in vendor due diligence and vendor score carding. This feeds back into the core mission objective of KeyStone to work not just for those utilising its system, but advance the industry at large away from negative, costly, and inefficient practises.
There are a set of stakeholders that either are brokers paying for ancillary products themselves, or are borrowers that, in accordance with a lender’s operational rules – must have application or appraisal fees collected, who require fund collection as opposed to monthly invoicing of a bill-to-party.
KeyStone’s payment solutions allow for both, synchronous and asynchronous approaches – all with full reporting and comprehensive dispute management services.
Title providers frequently pursue lenders to acquire a portion of their lucrative title business, usually without regard to coverage of states, comprehensive services, and metrics on quality and promptness.
When a title provider is approved for integration with KeyStone it is vetted according to the accumulated rules and guidelines of our lenders, and requires a complete line of nationwide Title and Closing services that is customizable and fully transparent, assuring compliance with the most recent industry requirements, including upcoming requirements that will be in effect in the near-term.
As a result, our title vendors guarantee an accelerated contract to close period, reduced costs, sellable loan packages to GSEs and others, and top tier vendor scorecards from providers supporting top ten lenders.
While the lender must have a direct vendor relationship with the title provider, KeyStone facilitates a low cost service to track orders and fulfillments, including provider scorecards, consolidated reporting and invoice reconciliation for the lender.