Chronos Solutions now is providing reporting services through Fannie Mae's Day 1 Certainty program, the company announced.
The services provided include Chronos’ Taxdoor, its proprietary automated tax return verification system for income verification, and company’s asset verification system VODAchek.
“This is a crucial step toward achieving Chronos Solutions’ goal of helping America's lenders originate more loans with greater confidence and less exposure to risk,” Chronos Solutions CEO Mark Hikel said in a release. “It is also an important differentiator, as it will make our service offerings for our lender customers even more comprehensive.”
Fannie Mae’s Day 1 Certainty provides lenders with enhanced loan origination controls, process efficiency, and certainty around borrower data input into the Desktop Underwriter validation service. Fannie Mae requires report suppliers to undergo an assessment process.