Experian becomes authorized report supplier of income and employment verification through Fannie Mae?s Desktop Underwriter (DU) validation service

BY Business Wire | AGENCY | 06/14/22 06:00 AM EDT

Recognition allows mortgage lenders to validate borrower income and employment information instantly through Experian Verify with Day 1 Certainty from Fannie Mae

COSTA MESA, Calif.--(BUSINESS WIRE)-- Experian (EXPGF) ? today announced it is now an authorized report supplier of income and employment verification through Fannie Mae?s Desktop Underwriter ? (DU ?) validation service. This achievement makes Experian (EXPGF) one of only a handful of verified income and employment report providers to support Day 1 Certainty ? from Fannie Mae, which provides freedom from representations and warranties on validated loan components, including borrower income and employment status.

Through the integration with Fannie Mae?s DU validation service, Experian (EXPGF) is providing lenders with new solutions for their verification needs while simplifying the mortgage experience for consumers.

?We?re committed to unlocking the modern mortgage through data and analytics, while empowering consumers and providing our clients with the best insights to help manage risk and make confident lending decisions in real time,? said Michele Bodda, President of Experian Mortgage, Verification Solutions and Employer Services. ?Collaboration with industry leaders like Fannie Mae will help us improve the homebuying experience for more consumers while enabling lenders to quickly and easily verify a borrower?s income and employment.?

Fannie Mae?s DU validation service allows mortgage lenders to instantly access tens of millions of verified and active income and employment records from Experian?s growing network of exclusive payroll records through Experian Verify? to seamlessly accomplish income and employment verification needs. Experian Verify eliminates the need for manual document verification and can help reduce the time and cost associated with mortgage underwriting.

?Collaborating with technology service providers like Experian (EXPGF) can help make the digitization of mortgages a reality,? said Jennifer Parker, Director, Strategic Alliances, Fannie Mae. ?We are pleased to integrate Experian Verify into the DU validation service for lenders to quickly and easily complete their income and employment verification needs.?

Experian Verify launched in the spring of 2021 and has already become a valuable solution in helping lenders across industries accomplish their verification needs.

Becoming an authorized report supplier for Fannie Mae?s DU validation service is Experian?s latest step to provide lenders with flexible options for their income and employment verification requirements. Lenders interested in Experian Verify can integrate directly with Experian (EXPGF) or gain access through one of Experian?s many integrations with industry-leading loan origination software platforms.

To learn more about Experian?s Verification Solutions business and solutions, please visit www.experian.com/verify-mortgage or https://singlefamily.fanniemae.com/applications-technology/desktop-underwriter-validation-service/du-validation-service-verification-report-vendors.

About Experian (EXPGF)

Experian (EXPGF) is the world?s leading global information services company. During life?s big moments ? from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers ? we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime.

We have 20,600 people operating across 43 countries and every day we?re investing in new technologies, talented people, and innovation to help all our clients maximise every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.

Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.

Experian (EXPGF) and the Experian (EXPGF) trademarks used herein are trademarks or registered trademarks of Experian (EXPGF). Other product or company names mentioned herein are the property of their respective owners.

Source: Experian (EXPGF)

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