LOVELAND, Colo.--(BUSINESS WIRE)--Factual Data, a leading provider of mortgage credit and data validation services to the mortgage lending industry, today announced an integration of its credit reporting capabilities with Blend’s digital lending technology.
The integration provides lenders using Blend’s mortgage application platform with immediate Factual Data credit reporting services as part of the process.
“Both consumers and lenders are looking for reliable credit data as part of the mortgage process,” said Factual Data President Jay Giesen. “This integration helps to improve efficiencies, lower risk and give modern borrowers the kind of experience they are looking for.”
Blend’s head of business development Brian Martin said integrating highly trusted credit data into the company’s digital platform is a crucial aspect of meeting consumer expectations today.
“Blend collaborates closely with banks and other lenders to give consumers a more intuitive, faster, and safer way to apply for a loan or mortgage,” Martin said. “The integration with Factual Data provides an additional solution that simplifies and streamlines the process for both lenders and consumers.”
About Factual Data
Factual Data is a trusted provider of credit, risk mitigation, flood, and verification services to the mortgage industry. Leveraging innovative technology and deep industry experience, Factual Data simplifies the mortgage lending process for its customers and their borrowers. For information, please call (800) 275-3389 or visit www.factualdata.com.
Blend makes the process of getting a loan simpler, faster, and safer. With its Digital Lending Platform, Blend helps financial institutions including Wells Fargo and U.S. Bank increase productivity and deliver exceptional customer experiences. The company regularly processes more than $2 billion in mortgages and consumer loans daily, helping millions of consumers get into homes and gain access to the capital they need to lead better lives. To learn more, visit blend.com.