Del Mar DataTrac Inc. (DMD) has completed the integration of its rules-based workflow automation platform, DataTrac, with Fannie Mae's EarlyCheck service. The integration is included in DataTrac release 9.3R3, which will be available for mortgage lender implementation beginning Oct. 28.
EarlyCheck assists lenders in identifying and correcting potential eligibility and/or data issues, Fannie Mae says. The service supports the agency's Loan Quality Initiative, and the DataTrac integration allows lenders to access EarlyCheck prior to loan closing.
‘EarlyCheck is one of their services that will streamline a lender's ability to get their loan sold on the secondary market quickly and with fewer obstacles, so I'll be surprised if most mortgage bankers don't extensively leverage this tool,’ says DMD president Rob Katz, who describes the service the most significant tool made available to Fannie Mae-approved lenders since the rollout of Desktop Underwriter.
SOURCE: Del Mar DataTrac