Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Mortgage Lenders Can Now Meet Fannie Mae’s 10-Day Pre-Close VOE Requirements Using Informative Research’s AccountChek

News Source: Informative Research

GARDEN GROVE, Calif., Oct. 15, 2024 (SEND2PRESS NEWSWIRE) — Informative Research, a premier technology provider delivering data-driven credit and verification solutions to the lending community, announced that AccountChek® supports new enhancements to Fannie Mae’s Desktop Underwriter® (DU®) validation service designed to streamline the digital pre-close verification of employment (VOE), significantly enhance overall efficiency and improve the borrower experience.

Informative Research
Image caption: Informative Research.

As outlined in Fannie Mae’s Selling Guide, lenders are required to complete a 10-day pre-close verification of employment. Starting Sept. 20, 2024, lenders utilizing the DU validation service can now meet this requirement using an AccountChek deposit-based VOE report (DVOE). The report displays deposit transactions while omitting other bank data transactions, offering a more focused and efficient verification process. Approval applies to loan case files where employment was initially validated using an AccountChek asset verification report (VOA).

Lenders can utilize a single AccountChek order completed by the borrower to generate both a VOA report for asset, income and employment verification and a DVOE report for the 10-day pre-close verification. Although distinct, both reports are generated from a single AccountChek order, simplifying the process.

“We’ve witnessed the significant impact of utilizing AccountChek’s asset verification for upfront processes. With Fannie Mae’s latest updates allowing lenders to extend this streamlined approach to pre-close employment verification, we anticipate even greater operational efficiencies and cost savings,” said Brian Francis, Head of AccountChek at Informative Research. “This update not only enables the use of AccountChek DVOE report, but by removing the DTI limit, it also expands the scope of loan casefiles eligible for asset-based income and employment validation, as well as providing findings to the lender regardless of the DU recommendation. These changes expand lenders’ ability to use a single AccountChek order to verify income and employment on a loan.”

“This collaboration provides a new way for lenders to digitally verify employment when using Desktop Underwriter,” says Peter Skarnulis, Fannie Mae’s VP of Single-Family Digital Management Solutions,” and is part of our continued focus on delivering value through the products and services that we offer.”

About Informative Research

Informative Research, a Stewart company, is a leading technology platform that delivers data-driven solutions to the lending community. The solutions provider currently serves mortgage companies, banks, and lenders throughout the United States. The company is recognized for streamlining the loan process with its straightforward service model, progressive solutions, and cutting-edge technology. To learn more, visit https://www.informativeresearch.com.


This press release was issued on behalf of the news source (Informative Research), who is solely responsible for its accuracy, by Send2Press Newswire.

To view the original story, visit: https://www.send2press.com/wire/mortgage-lenders-can-now-meet-fannie-maes-10-day-pre-close-voe-requirements-using-informative-researchs-accountchek/

Copr. © 2024 Send2Press® Newswire, Calif., USA. -- REF: S2P STORY ID: S2P121472 FCN24-3B

 

INFORMATION BELOW THIS PAGE, IF ANY, IS UNRELATED TO THIS PRESS RELEASE.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.