Day 1 Certainty Suite

First American Mortgage Solutions provides a comprehensive verification solution for lenders wanting to take advantage of Fannie Mae's Day 1 CertaintyTM program.

We are an Authorized Report Supplier for:

  • 4506-T Tax Transcript Service/IRS Income Verifications

We are Report Distributors for:

  • Income and Employment Verifications
  • Asset Verifications

 

4506-T Tax Transcript Service for IRS Income Verification

4506-T income verification services leverage First American Mortgage Solution’s direct access to the IRS to securely verify consistency of the borrower income, identity and employment data in a swift, automated and quality controlled process.

Our services include the Record of Account transcript which contains every admendment that occurred after filing, so items such as tax liens, collection, wage garnishment, IRS audit investigations and other issues are revealed.4506-T

The tax transcript provides a comprehensive view of personal and business income, investment income, salary and wages.

Verification of Income & Employment (The Work Number®), a service of Equifax

The Work Number, an Equifax® service, for employment and income verifications allows FraudGuard customers to instantly and seamlessly verify a borrower's employment and income. 

  • Easily confirms a borrower’s ability to repay and meet the requirements set forth in the Dodd-Frank Wall Street Reform and Consumer Protection Act
  • Providing a 100% verification through an integration with FraudGuard
  • Confirms a borrower’s employment and income by placing VOE and VOI orders directly

TheWorkNumberThe seamless process delivers results within seconds by leveraging a database of more than 200 million employment and income records from over 5,500 employers. And, if your applicant’s employment data isn’t instantly available, a manual verification can easily be initiated and completed by a dedicated team of verification specialists

The integration of The Work Number in FraudGuard includes:

  • Instant, Manual (Researched) and Reverify order types
  • Order results are viewed directly in FraudGuard 
  • Analysis of the results are included in the overall borrower risk score

Asset Verification with AccountChek®

We offer asset verification through AccountCheck through an alliance with FormFree®.  The service allows the lender to securely order asset information, collected directly from the financial institution and may eliminate the need for borrowers to collect, copy and submit paper documents.

The information may help the lender analyze and certify a borrower's financial data. The lender receives a report on the borrower's assets, usually within 5 minutes.

DAY 1 CERTAINTY is a trademark of Fannie Mae. 

ACCOUNTCHEK is a registered trademark of FormFree Holdings Corporation © 2017 FFHC. 

THE WORK NUMBER is a registered trademark of Equifax.

 *  *  *  *  *  *