NASHVILLE, TN – October 4, 2019 – Confirmation, now part of Thomson Reuters, the leading provider of online financial data confirmations, has launched a new mortgage reverification solution. Mortgage quality control audit firms, mortgage QC departments at lenders, and financial institutions will now be able to submit and respond to mortgage reverification requests through a single online platform. This new product offering further solidifies Confirmation as the leading provider of secure and efficient confirmation services.
“The market response to our new mortgage reverification solution has been tremendous,” said Mark Portanova, Confirmation's global head of sales. "The improved workflow, centralized dashboard, and streamlined response process has been met with great enthusiasm. Two of the top 10 U.S. financial institutions are signed up for the mortgage reverification platform, with over 20 more banks scheduled to roll it out in the next 30 days.”
Mortgage reverification requests typically ask to reverify checking and savings accounts as of a previous date. Responding to these requests by fax, mail, or email is a time-consuming and unsecure process. Confirmation's platform standardizes these requests and allows banks to respond to more requests in less time. This process is very similar to Confirmation's audit platform, except the requests come from mortgage quality control firms instead of accounting firms.
Confirmation is a member of the Mortgage Bankers Association and is endorsed by the American Bankers Association (ABA) through its Corporation of American Banking subsidiary.