Housing inventory is lower than ever before and borrowers are desperate to get into their dream homes. These two things may lead to some borrowers not being fully transparent on applications, throughout the lending process or even overextending themselves. A large factor in determining the level of risk lenders are exposed to by approving certain borrowers is undisclosed debt. Despite the high production need, lenders need to make sure they are conducting their due diligence and remaining compliant. Otherwise, the cost down the road could be a lot higher.
Join DataVerify and industry experts, Matt Merlone vice president of Procurement Market Intelligence at DataVerify; Todd Teta, chief product and technology officer with ATTOM Data Solutions; and Sumit Gambhir, vice president of Mortgage U.S. Markets with TransUnion, for a conversation about how the current housing inventory shortage could cause compliance concerns now and in the future.
Company: DataVerify
Date & Time: August 18th, 1 pm CT
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Sumit Gambhir
Vice President, Mortgage
U.S. Markets,
TransUnion
Matt Merlone, CMB CFE
VP, Procurement Market Intelligence,
DataVerify
Todd Teta
Chief Product and Technology Officer,
ATTOM Data Solutions