ST. LOUIS--(BUSINESS WIRE)--DataVerify®, a leading provider of risk mitigation services, is pleased to announce the adoption of their DRIVE® platform by American Pacific Mortgage Corporation (APM), a top ten mortgage banker in the western United States.
The fast growing American Pacific Mortgage was looking for a configurable and flexible platform for their verification requirements. The DRIVE platform offered APM superior customer service along with meeting all their verification needs.
The DRIVE Platform Provides Automation and Flexibility
The DRIVE platform is a single-source, proprietary enterprise-wide application that can be tailored to meet specific risk conditions for market requirements. DRIVE automates manual underwriting processes and applies the rigors of a forensic mortgage loan review to assist users with avoiding loan quality issues.
Due to the pace at which APM has been growing and expanding across the western part of the U.S., they recognized that an integration with a risk mitigation system would strengthen and expedite the verification process.
Ned Payant, Executive Vice President for APM, said: “We were looking for a fraud detection system that would allow us to do initial investigations closer to the point of sale and that could be updated throughout loan processing. DataVerify’s DRIVE platform is easy to use, allows us to monitor at the user level, and gives us assurance that loans are processed consistently across our entire branch system.”
American Pacific Mortgage Is Rapidly Growing
APM has become a visible and active mortgage company in the industry. Their unique, modern approach to lending has distinguished them one of the fastest growing mortgage bankers in the Western United States. Their focus on creating game-changing loan programs makes integration with DataVerify a strong next step towards providing the best recourse and culture in the industry.
Brad Bogel, Senior Vice President for DataVerify, commented: “We are very pleased to be working with a progressive and professional company like American Pacific Mortgage and to have the opportunity to contribute to their ongoing success.”
Both companies maintain a strong focus on flexibility and adaptation to the needs of their clients in an ever-changing industry. DataVerify and APM have proven to be well-respected in the field for their commitment to excellent service, modern and cutting-edge technology, as well as dependability and trustworthiness.
American Pacific Mortgage (APM), NMLS #1850, is a mortgage banking company licensed to lend in 18 states throughout the Pacific Northwest and Midwestern U.S. The company, which is headquartered in Roseville, CA, includes more than 800 loan advisors and branch managers in over 170 branch offices. Established in 1996, APM is built and led by a senior leadership group with decades of experience in mortgage lending. APM provides loan experts with training, technology and other in-house services.
For more information, visit apmortgage.com.
DataVerify is the premier provider of risk mitigation, data validation, and decision management solutions for the mortgage industry. DataVerify harnesses advanced analytics and technology to create automated and configurable workflow and decision management solutions. The result is a platform that empowers lenders to make precise and consistent business decisions.
The DRIVE® system is an engine that identifies and measures hidden threats, such as data integrity errors and misrepresentations, identity theft, and property and application risk. Engineered to offer optimal flexibility, the DRIVE platform (which incorporates 4506T, SSA, and employment and income verification) allows lenders to manage those risks according to their institution’s tolerance level.
For more information about DataVerify, please call 866-895-3282 or access the company's web site at http://www.dataverify.com.