RED
BANK, N.J., July 30,
2024 /PRNewswire/ -- Halcyon (www.halcyonsw.com)
is proud to announce that they are now an authorized tax transcript
report supplier for the Desktop Underwriter® (DU®) validation
service (DVS)/ D1C. This significant milestone marks a pivotal step
in transforming the mortgage process through enhanced efficiency
and automation.
"At Fannie Mae, we are committed to digitizing the mortgage
process," says Peter Skarnulis,
Fannie Mae's VP of Single-Family Digital Management Solutions.
"This provides another option for lenders to quickly and
efficiently automate income data verification, making the mortgage
process more efficient for both lenders and borrowers."
Halcyon's income verification solution stands out as the only
GSE-accepted 8821 tool, defining the standards of faster, better,
and cheaper. With less than a 1% rejection rate and no charge for
additional transcript requests, it offers unparalleled reliability
and cost-effectiveness. This solution empowers lenders to
streamline operations, reduce costs, and serve the underserved
borrower.
Kirk Donaldson, CEO of Halcyon,
expressed his enthusiasm about becoming an authorized report
supplier: "We are thrilled to be recognized by Fannie Mae as an
authorized tax transcript report supplier for the DU validation
service (DVS)/D1C. This underscores our commitment to innovation
and excellence in the mortgage industry. Our goal has always been
to provide solutions that not only meet but exceed industry
standards, and this achievement is a testament to the hard work and
dedication of the entire Halcyon team."
Halcyon's approval as an authorized tax transcript report
supplier for the DU validation service with representation and
warrants is expected to improve the adoption of digital solutions
in the mortgage industry, offering lenders a more efficient,
reliable, and cost-effective way to verify income data.
For more information, please visit www.halcyonsw.com.
About Halcyon: Halcyon is a leading provider of innovative
financial technology solutions. Its flagship product, Tax Wallet,
offers a faster, better, and cheaper IRS income verification
solution, backed by rep/warrant from both Freddie Mac and Fannie
Mae. Halcyon is dedicated to transforming the mortgage industry
through cutting-edge technology and exceptional service.
About Fannie Mae: Fannie Mae is a leading source of financing
for mortgage lenders, providing access to affordable mortgage
financing in all markets at all times. Fannie Mae's mission is
to provide reliable, large-scale access to affordable mortgage
credit across the country.
Media Contact: Bridget Trevino,
bridget.trevino@halcyonsw.com
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SOURCE Halcyon