Case Study: V.I.P. Mortgage cuts verification costs and speeds loan processing with Informative Research’s AccountChek

V.i.p. Mortgage cuts verification costs by 75% with Informative Research

V.I.P. Mortgage, Inc., a mid-sized IMB, faced a slow and error-prone manual process for verifying borrower assets, income, and employment. This frustrated clients and prolonged loan cycles, putting the company at a competitive disadvantage. To address this, they partnered with vendor Informative Research to implement its AccountChek service.

The solution integrated AccountChek with V.I.P. Mortgage's point-of-sale system to automate verifications. This allowed borrowers to link financial accounts digitally. The results for the customer were a 75% reduction in verification costs on approximately 15% of its loans and a drastic acceleration of loan processing from days to minutes. Informative Research's integration also improved operational efficiency, borrower experience, and overall compliance.

V.i.p. Mortgage, Inc