LAGUNA HILLS, Calif.--(BUSINESS WIRE)--QuestSoft, the nation’s leading provider of automated mortgage compliance software, upgraded its Web VERIFY income and employment verification software to version 2.0, providing mortgage lenders an easy solution for VOEs.
Hosted in a secure cloud-based platform, the upgraded software has added Verifications of Employment (VOE) and Verifications of Income (VOI), enabling lenders to easily submit orders within the software. In addition, lenders can also attach scans, including special instructions and notes.
“Processors want it easy, and borrowers expect it fast,” said Bob Simpson, director of QuestSoft Verifications. “Web VERIFY provides both: helping lenders reduce time in verifying application data, moving the loan through underwriting more quickly, and meeting customers’ expectations for a speedy close.”
Web VERIFY organizes orders and their results into one central library, allowing for effortless tracking. Web VERIFY includes automatic updates and is available free to QuestSoft’s Verification and Audit Services customers. In addition to the VOE and VOI verifications, these services also include 4506-T reports, SSA-89, asset re-verification, loan file reviews and fraud investigations.
Laguna Hills, Calif.-based QuestSoft is a leading provider of comprehensive compliance software and services for the mortgage, banking and credit union industries. QuestSoft combines 20+ years of mortgage regulatory, CRA and Fair Lending compliance analytics, data management and software design expertise with best-in-class customer service to consistently improve client compliance accuracy and facilitate smoother regulatory audits. QuestSoft products, interfaced with over 40 LOS providers, enable more than 2,500 banks, credit unions and mortgage companies to simplify and speed the collection, analysis, compilation and reporting of key lending regulatory report data. The company’s software helped lenders submit over 8 million error-free transactions to regulators in 2017. For more information, call 800-575-4632, ext 1, or visit www.questsoft.com.