COVID status: No disruptions to regular business operations! All employees are working from home and travel has been suspended.
Attention: Due to increased server demand on their respective online platforms, Vanguard, Charles Schwab, and TCF Bank members may experience difficulties linking their accounts.
We are experiencing issues with Capital One and Citizens Bank. These institutions are currently unavailable for digital asset verification. We are working to re-establish support but do not have an ETA at this time. Thank you for your patience.
Our new employment extraction algorithm verifies a person’s employer by looking through their direct deposit history and correlating that history against secondary outside sources. This gives a confidence rating of how likely we think they are employed by a discovered employer.
This new order option is currently only available through the VerifierAPI and is not displayed on the Passport summary report.The client will need to call another endpoint to access the rating.
The confidence rating is not a percentage; it is a range:
The range [0,.4] = Bad match
The range (.4, .85) = Not really good or bad; the lender will need to decide what to do
The range [.85, 1] = Good match
Removes the need for adding the Borrower’s employer manually
Point in Time Balances on the VOA Summary Report
We added two data points to the VOA summary report to better meet FHA requirements.
The Asset Report Summary section will have 2 additional columns of data: Balance 30 Day Prior and Balance 60 Day Prior.
The output will also be added to the JSON.
BorrowerAPI Aggregation Improvements
Changes were made to improve the account scraping speed.
This will significantly speed up the experience of account linking for borrowers.