Experian becomes authorized report supplier of income and employment verification through Fannie Mae’s Desktop Underwriter (DU) validation service
Recognition allows mortgage lenders to validate borrower income and employment information instantly through
Through the integration with Fannie Mae’s DU validation service, Experian is providing lenders with new solutions for their verification needs while simplifying the mortgage experience for consumers.
“We’re committed to unlocking the modern mortgage through data and analytics, while empowering consumers and providing our clients with the best insights to help manage risk and make confident lending decisions in real time,” said
Fannie Mae’s DU validation service allows mortgage lenders to instantly access tens of millions of verified and active income and employment records from Experian’s growing network of exclusive payroll records through Experian Verify™ to seamlessly accomplish income and employment verification needs. Experian Verify eliminates the need for manual document verification and can help reduce the time and cost associated with mortgage underwriting.
“Collaborating with technology service providers like Experian can help make the digitization of mortgages a reality,” said
Experian Verify launched in the spring of 2021 and has already become a valuable solution in helping lenders across industries accomplish their verification needs.
Becoming an authorized report supplier for Fannie Mae’s DU validation service is Experian’s latest step to provide lenders with flexible options for their income and employment verification requirements. Lenders interested in Experian Verify can integrate directly with Experian or gain access through one of Experian’s many integrations with industry-leading loan origination software platforms.
To learn more about Experian’s Verification Solutions business and solutions, please visit www.experian.com/verify-mortgage or https://singlefamily.fanniemae.com/applications-technology/desktop-underwriter-validation-service/du-validation-service-verification-report-vendors.
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