ReverseVision, a provider of technology for the Home Equity Conversion Mortgage industry, has partnered with DataVerify to make the DRIVE verification platform available on its RV Exchange loan origination system.
DRIVE has been available to customers of the LOS since December. The platform combines multiple data integrity, fraud, and compliance risk evaluations to improve the loan review process. DRIVE allows users to produce a report that covers a dozen services, including Social Security number and 4506-T tax return verifications.
Additionally, the platform’s DRIVE Score allows users to monitor the level of risk associated with the loan through summarized results that can be refreshed throughout the origination process to include real-time changes to material loan data.
“ReverseVision is committed to equipping our lender customers with top-of-the-line tools for optimizing loan quality and efficiency,” ReverseVision Vice President of Sales and Marketing Wendy Peel said. “DataVerify is one of the mortgage industry’s most trusted providers of data verification services, and we are proud to make its DRIVE system available to HECM lenders through RVX.”