Factual Data Announces Credit Integration with MortgageHippo
MortgageHippo digital mortgage solution begins offering consumer credit from Factual Data
Factual Data®, one of the nation’s premier providers of credit and data validation services to the mortgage lending industry, is teaming with MortgageHippo® to provide a modern approach to the digital mortgage process.
The integration of consumer credit reports from Factual Data with MortgageHippo’s customizable point-of-sale digital lending solution will allow loan officers and lenders to maximize time and efficiency by receiving industry-proven credit data within the borrower profile generated from MortgageHippo’s mobile-ready online application.
MortgageHippo’s private label solution allows borrowers to apply for a mortgage and complete the entire transaction online, including Day 1 Certainty™ from Fannie Mae loans. Its digital mortgage platform delivers a complete borrower profile to the loan officer that can be imported, with collected documents, into an existing loan origination system.
With SimpleNexus, loan officers can connect with their borrowers and realtors in a single location to easily exchange data and documents throughout the entire loan lifecycle. The platform provides secure, on-the-go access to the loan components lenders need, including borrower credit from Factual Data.
“This is an exciting collaboration that allows both companies to enhance their capabilities and provide customers with new features,” said Factual Data President Jay Giesen. “It also helps move the industry forward with an innovation that lenders want and need.”
MortgageHippo President Michael Salichs said the collaboration elevates the company’s ability to provide services with accuracy of data and transparency.
“Our clients want the assurance that credit data comes from a credible, reputable source,” he said. “For lenders, accurate data is an important key to a viable and competitive digital strategy. This integration meets both of those needs and allows them to discover a better way of conducting business.”
About Factual Data
Factual Data, Leader in Mortgage Credit Reports, specializes in consumer credit reports, automation-driven workflow solutions, and verification services for lenders. Dedicated to the mission of Helping Lenders Expand Homeownership, Factual Data operates a proprietary platform offering flexibility, efficiency, and ample integrations with leading LOS and POS interfaces. For more information, please visit www.factualdata.com or follow us on social media at LinkedIn.
Media Contacts
Factual Data
Chris Horn
(970) 619-7017 or chorn@factualdata.com