Tuesday, October 3, 2017 – Chronos Solutions, a national real estate financial services provider based in Coppell, Texas, is now providing reporting services through Fannie Mae’s Day 1 Certainty program. Those services include the newly approved Taxdoor™ platform, Chronos Solutions’ proprietary automated tax return verification system for income verification, and VODAchek™, the company’s asset verification system.
“This is a crucial step toward achieving Chronos Solutions’ goal of helping America’s lenders originate more loans with greater confidence and less exposure to risk,” said Chronos Solutions CEO Mark Hikel. “It is also an important differentiator, as it will make our service offerings for our lender customers even more comprehensive.”
Taxdoor™ utilizes the Desktop Underwriter® (DU®) validation service to add even greater capabilities to an automated, mobile-enabled transcript verification technology that was specifically designed to reduce IRS rejection rates by as much as 75%.
VODAchek™ provides lenders with access to instant, automated electronic bank statements with up to three months of borrower transaction details from 15,000 financial institutions through a secure, web-based platform with flexible reporting tools.
Fannie Mae created Day 1 Certainty to provide lenders with enhanced loan origination controls, process efficiency, and certainty around borrower data input into DU. Fannie Mae requires report suppliers to undergo a rigorous assessment process and offers lenders rep and warrant relief on loan components validated through Day 1 Certainty.
Taxdoor™ and VODAcheck™ can be ordered – individually or bundled – through ChronosSolutionsDirect (formerlyUPFDirect), Funding Suite™, EllieMae® Encompass® or Calyx®Point®.
About Chronos Solutions
Coppell, Texas-based Chronos Solutions is a national technology enabled real estate financial services provider delivering elite mortgage and real estate services across the industry. Chronos offers customized transactional and business process management services to private sector and government clients, and its clients include federal agencies, top-five national lenders, leading mortgage servicers, real estate investment firms and more. The firm is a proven leader in title and settlement services; valuations; tailored credit and verification services; HOA solutions; accelerated asset liquidation and marketing; REO asset management and disposition; field services; asset acquisition and investor services and innovative technology applications and systems. Chronos Solutions prides itself on offering the deepest resources and widest networks to provide optimal capacity for even the largest clients; while providing service levels similar to that of a boutique firm. Clients assert that the company’s creativity and flexibility make them stand out among national real estate service companies.
Chronos Solutions manages a wide network of vendors and service providers. The company also has strategic hubs located in Texas, California, Alabama, Pennsylvania and Spokane, Washington. The firm is led by a seasoned and diverse management team, each possessing extensive experience with leading financial institutions and real estate management firms.