As mortgage and real estate professionals keep the ball rolling on buying and selling homes in this uncertain times, technology providers are stepping up with solutions that streamline the process.
One of the tech providers leading the pack is Tavant, who partnered their AI-powered digital lending technology, FinDecision, with Ellie Mae’s Digital Lending Platform, Encompass. FinDecision utilizes machine learning and process automation to submit loan data to the GSEs’ automated underwriting systems, as well as to private investors.
With loans typically taking up to 30 days or more to finalize, FinDecision’s modernized loan service is designed to get borrowers into their homes faster. The platform analyzes each loan file systematically to verify eligibility for appraisal waiver, collateral, income, asset, representation and warranty relief benefits.
Last week, ARMCO announced several major enhancements to its ACES Audit Technology platform, including additions to the suite of third-party verification providers available within ACES. Users can now order, track and receive credit reports from Data Facts and field reviews from Service1st without leaving the ACES system.
ARMCO also announced its updates to the loan defect taxonomies for Fannie Mae and FHA included within ACES. With the economic climate constantly shifting during the pandemic, ARMCO said it will be provide consistent updates to its systems as needed.
source:Housingwire
