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Avantus Launches StartMyApplication
StartMyApplication can help mortgage originators significantly lower their upfront credit costs while increasing marketing reach and referral business.
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Homes continue to sell quickly despite more inventory, higher prices
Consumers scooped up homes more quickly in April despite the fact that prices are on the rise.
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Freddie Mac increases modification options for delinquent homeowners
Freddie Mac made its new Streamlined Modification program available to more delinquent homeowners.
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Mortgage delinquency falls by biggest margins in more than 20 years
Rates of 60-day mortgage delinquency experienced the largest annual and quarterly drops ever seen.
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More borrowers starting to fall behind on mortgage payments
Mortgage delinquency was up in the first quarter, but foreclosure took a considerable tumble again.
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About Avantus
Avantus provides customized mortgage credit reports, mortgage-related services and technology solutions to the nation's financial community. Our easy-to-use suite of products and services allow originators, credit unions, banks and lenders to reduce costs, simplify operations and close more loans.
Mortgage Credit
Reporting Services
Over the past 75 years, Avantus has become the preferred credit report provider to many in the mortgage lending industry.
Avantus credit reports are easy to read, FCRA compliant, and are readily available through a wide range of channels; helping to speed the approval process and get more of your loans closed quickly.
Fast 4506-T Tax Return Verifications
Avantus Income Verification Service takes performance to the next level, automating every step in the process and interfacing directly with the IRS to retrieve tax transcripts as soon as they are available.
This streamlined solution enables lenders and servicers to independently validate borrower income, protecting them from mortgage fraud and default risk; while mortgage originators using the service benefit from the quickest, most reliable 4506-T income verification available.
Go to the IRS Direct TRV page >>
Fast, Accurate Social Security Number Verifications
Reduce the chance of applicant fraud with Avantus' new SSN Direct verification service. Our fast, online process verifies social security numbers directly with the Social Security Administration, ensuring accuracy and helping you to meet your compliance requirements quickly and easily. Learn more about SSN Direct >>
Fraud & Compliance Solutions: LoanShield®
Comprehensive Mortgage Fraud Detection & LQI Compliance
With mortgage fraud continuing to grow and forced buybacks trending, lenders nationwide are choosing LoanShield to protect their business from fraudulent loans.
LoanShield investigates thousands of data points on all mortgage loan participants, not just the borrower; and analyzes each loan against MERS® active tracking data covering millions of mortgage loans from origination through the life of the loan for patterns of fraud.
Ahead of the curve.
Long before Fannie Mae's Loan Quality Initiative (LQI) went into effect, LoanShield Credit Review was ready. From the first day that compliance was required, Avantus customers using LoanShield's Credit Review option could check undisclosed liabilities before closing with a soft inquiry credit pull; avoiding a negative impact on the borrower's credit score and keeping the lender fully compliant.
Credit Review is just one of LoanShield's tools designed specifically to detect mortgage fraud and keep our customers in compliance. Learn More >>
Red Flags Ruling:
Are You Compliant?
Avantus can help you get compliant with the FACT Act quickly and securely with the Red Flags Compliance Report. The Red Flags Report can be set to run automatically on all credit reports, detecting the deceptive practices and actions commonly indicating identity theft and keeping your business compliant. More >>
Employment Verification
Requirements Made Easy
Fannie Mae, Freddie Mac and many wholesale lenders have tightened the time restrictions on verbal employment verifications (VOE). Don't let your mortgage get held up in processing because of VOE timing issues! Verifications can be ordered easily through Avantus and completed quickly... in compliance with the lenders' standards. More VOE info >>