What are the benefits of using this integrated verification process?
There are several key benefits to using this process:
- Cost Savings: Users can see 60-80% cost savings compared to using traditional verification databases.
- Faster Processing: Verifications are digital and available as early as point-of-sale, which leads to faster overall loan processing.
- Efficiency & Accuracy: The automatic sync of verification data from TPO Connect directly into the lender's Encompass LOS minimizes manual data entry, reducing errors and increasing efficiency.