California-based Informative Research announced its integration with identify verification provider Veri-Tax, adding the firm’s services to its proprietary verification platform.
The integration merges Informative Research’s platform with Veri-Tax’s verification services so lenders can access advanced validation tools that elevate the accuracy and reliability of borrower information, leaders said.
“We recognized the need for a strategic partner that shares our commitment to delivering value in verification services,” Informative Research Senior Vice President Craig Leabig said in a release. “This collaboration expands the product set available on Informative Research’s Verification Platform. Adding a best-in-breed manual verification product to the mix enhances our ability to help lenders streamline the loan manufacturing process.”
Combining the services will take aim at eliminating manual procedures and significantly reducing turnaround times, ultimately enhancing the borrower experience and expediting loan origination timelines. Leveraging its “employer happiness” process, digital tools, and an employer intelligence database of over 4 million transactions and growing, Veri-Tax ensures swift and precise verifications, the companies added.
“Employer-sourced data is accurate, detailed, contextual, and prospective, making it an essential complement to payroll data. But employer interactions are daunting and complicated. So, we have been sharply focused in streamlining and re-engineering this manual process with technology and data, and achieved market leadership as a result of our disciplined focus,” Veri-Tax CEO Nick Lim said. “We are excited by our collaboration with Informative Research and look forward to the opportunity to help serve their clients. By combining our expertise and resources, we are poised to redefine industry standards and drive positive outcomes for lenders and borrowers alike.”