Kroll Factual Data offers mortgage lender services

LOVELAND – Kroll Factual Data can now help mortgage lenders meet new Fannie Mae Loan Quality Initiative requirements that go into effect June 1.

The new Fannie Mae policy relates to fraud prevention and undisclosed liabilities. The policy requires lenders to have processes in place that ensure that all borrower liabilities are disclosed and evaluated prior to the borrower qualifying for a loan. Kroll’s new package of services addresses these requirements.

“The broad scope of this new policy spans a range of verifications that, until now, had to be performed by loan processors already under a heavy burden of new documentation requirements or sourced by them through a complex network of providers,´ said Teresa Grove, Kroll Factual Data senior vice president, Tuesday in announcing the services. “By offering a full range of verifications, we help lenders quickly and cost-effectively comply with the new requirements and recommendations.”

Kroll is a leading provider of independent verification services to mortgage lenders, banks, credit unions, property management firms and other businesses. For more information, visit www.krollfactualdata.com or call 800-929-3400.

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