Technology provider Mortgage Cadence LLC is now offering a direct integration with EarlyCheck in support of Fannie Mae's Loan Quality Initiative (LQI).
Fannie Mae launched the LQI to promote improved loan delivery data, and EarlyCheck was developed to ensure that delivered loans meet standard and negotiated terms with fewer delivery stops. The EarlyCheck service also offers multiple data checks, including DU findings validation, identity checks, property and occupancy checks, as well as eligibility and calculation verification.
Through the new integration, lenders are able to submit a loan to EarlyCheck, retrieve the data file and analyze the results without leaving Mortgage Cadence Orchestrator, the company says.
SOURCE: Mortgage Cadence LLC