QuestSoft Verifications Approved as Fannie Mae Report Supplier
LAGUNA HILLS, Calif., October 4, 2018 — QuestSoft Verifications has been approved as an authorized report supplier for Tax Transcript Services as part of Fannie Mae’s Desktop Underwriter® (DU®) Validation Service (DVS). QuestSoft®, the nation’s leading provider of automated mortgage compliance software, completed the vendor approval process to provide protection for lenders from reps and warrants associated with the validated components.
QuestSoft Verifications connects to Fannie Mae’s Desktop Underwriter® (DU) Validation Services (DVS) to independently validate borrower income, employment and asset data, providing lenders Day 1 Certainty® on validated loan components.
“Fannie Mae’s Day 1 Certainty is a vital tool for today’s modern mortgage lender looking to ensure that loans can easily be validated prior to funding,” said Bob Simpson, Director, QuestSoft Verifications. “QuestSoft Verifications provides lenders a simple interface to accurately and simply verify application data with the click of a mouse.”
QuestSoft Verifications is the company’s division that provides simple, quick validation of employment, 4506-T, SSA-89 and asset data on an application. In addition, QuestSoft Verifications also provides loan audit services to ensure compliance and protect against fraud.
QuestSoft also provides lenders comprehensive compliance software through Compliance EAGLE, which automates the entire mortgage lending compliance process through a single platform. QuestSoft’s Compliance RELIEF automates the consolidated regulatory reporting for HMDA, CRA, NMLS Call Reports, and Geocoding.
Laguna Hills, Calif.-based QuestSoft is a leading provider of comprehensive compliance software and services for the mortgage, banking and credit union industries. QuestSoft combines 20+ years of mortgage regulatory, CRA and Fair Lending compliance analytics, data management and software design expertise with best-in-class customer service to consistently improve client compliance accuracy and facilitate smoother regulatory audits. QuestSoft products, interfaced with over 40 LOS providers, enable more than 2,500 banks, credit unions and mortgage companies to simplify and speed the collection, analysis, compilation and reporting of key lending regulatory report data. The company’s software helped lenders submit over 8 million error-free transactions to regulators in 2017. For more information, call 800-575-4632, ext 1, or visit www.questsoft.com.