The Application Data Validation Report enables lenders to reduce the risk of loan repurchase due to fraud and enables compliance with new secondary market requirements. Clients upload the loan file once and our system validates dozens of key loan data elements to return a concise independent report which lists of discrepancies and warning messages to enable compliance with such new requirements as the Fannie Mae LQI.
Looking for a comprehensive fraud detection solution for your mortgage loan applications?
Validate Key Loan Data in One Concise Report
Our validation system employs a massive network of consumer, property and corporate information including: credit header file data, utility invoice data, single family residential property data, USPS data, corporate & sole proprietor data, reverse phone and reverse address data and demographic sources. Our validation reports are approved by CitiMortgage and enable clients to detect discrepancies and indicators of mortgage fraud.
The Application Validation Report includes a summary page with a risk score and key warning message and detailed reports on each key element of the validation process.
App Data Validation Report
Validates key loan data and returns one concise report including:
Comprehensive, concise and quick route to compliance
Compliance with Ease
Application Data Validation Report Features and Benefits
- Objective and independent analysis utilizing the most current real-time data
- Enabling lenders to:
- Detect multiple fraud types
- Reduce false positives, and focus on high risk issues
- Comply with new secondary market requirements
- Reduce the risk of loan repurchase due to fraud
- One report with a comprehensive review of key loan file data elements against billions of public records
- Concise summary of findings with overall risk score and warning messages
- Fraud report approved by CitiMortgage