Bank VOD allows you to perform the following verifications:
Verification of Deposit
For Mortgage Brokers / Processors to obtain account balances as part of the loan qualification process.
Re-Verification/Quality Audit
For Mortgage Auditors and Quality Control Firms to validate accuracy of information and detect fraud.
Business Inquiry
For Vendors/Creditors as a means to validate banking information in support of a current transaction or extension of credit.
Loan Payoff
Obtain a current Payoff Figure for a loan account.
Response Includes:
Current balance, 2 month average balance and date opened for checking and current balance and date opened for savings accounts.
Response Includes:
Accuracy of Verification of Deposit Form or Bank Statements as of the date it was originally processed.
Response Includes:
Date opened, account type and average balances. If no account numbers are provided, tax ID # must be provided in order to identify customer & produce a response.
Response Includes:
Payoff Figure as of date/time of inquiry.
