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50 SPECIAL ADVERTORIAL SECTION DATAVERIFY ® 866.895.3282 DataVerify.com LENDERS & SERVICERS OUTSOURCERS AGENTS & BROKERS ATTORNEYS SERVICE PROVIDER COMPANY DESCRIPTION: DataVerify® offers a single-source platform for data verification, workflow automation, fraud prevention, and compliance assistance. With clients that include top lenders and government agencies, DataVerify assists in the real estate loan origination process to: » Identify and authenticate the borrower and all participants in the loan transaction » Verify the information supplied by borrowers on their loan application » Validate the value of the property to be purchased or refinanced » Streamline the loan review process by incorporating multiple tasks into one state-of-the-art system DataVerify's comprehensive data verification process compares information related to the borrower across multiple data sources to corroborate borrower-supplied data or alert you when variances occur. KEY PERSONNEL: » » Kent»Johnson, President » » Brad»Bogel, SVP » » Kurt»Raymond, VP » » Paul»Harris, VP Sales » » Erin»Wilson, VP Account Management NUMBER OF COMPANY EMPLOYEES: 150 BUSINESS LINES, SERVICES, AND PRODUCTS: DataVerify is the premier provider of risk mitigation, data validation, and decision management solutions for the mortgage industry. Engineered to offer optimal flexibility, the DataVerify platform (which incorporates 4506-T, SSA, and employment, income, and asset verification) empowers lenders to make precise and consistent business decisions. This system identifies and measures hidden threats such as data integrity errors and misrepresentations, identity theft, and property and application risk. COMPANY HISTORY: DataVerify is part of the CBC Companies family of businesses. CBC Companies, a privately held organization headquartered in Columbus, Ohio, and established in 1948, provides risk management, verification, credit reporting, resident screening, and loan application-processing software services to customers in business and government. REGULATORY COMPLIANCE: DataVerify helps address many of the required regulatory processes, including the management of industry watch lists for all parties involved in the loan by flagging involvement by sanctioned individuals. DataVerify also validates many of the data points in the loan origination system, including applicant identity and all name variations thereby, helping to meet Know Your Customer mandates. KEY FEATURES/BENEFITS: Comprehensive data aggregation » Eliminates lender's cost and requirement to integrate and maintain connections with numerous data sources Utilize data to help direct decisions » Ensures consistent underwriting processes and procedures » Reduces training and risk Borrower and associated application data updated throughout the application process » Reduces risk associated with changes in borrower and application data that occurs after the initial application date » Ensures compliance with GSEs' loan quality initiative An authorized Direct Report Supplier for Fannie Mae's Desktop Underwriter® validation service - a component of Day 1 Certainty™ » Fannie Mae provides lender relief from certain representations and warranties on key aspects of the loan origination process supplied by DataVerify. System flexibility to set up multiple configurations across multiple lender business channels in one system WHAT SETS YOU APART FROM YOUR COMPETITORS: DataVerify is a premier vendor that: » Maintains the gold standard in data security; i.e., PCI Compliant » Ensures continuous and secure business processing, reducing lost time due to vendor outages » Maintains multiple active data centers for business continuity and disaster recovery Access to unique data sources » These data sources are essential in underwriting and without DataVerify are sourced and reviewed at a cost higher than sourced via DataVerify WHAT ADDED VALUE DO YOU BRING TO YOUR CLIENTS? » The DataVerify platform streamlines the lending process by creating numerous efficiencies while mitigating risk » Single point of integration to multiple services used by lender » An authorized Direct Report Supplier for Fannie Mae's Desktop Underwriter ® validation service - a component of Day 1 Certainty » Lower data acquisition costs which translates into lower processing costs for lenders WHAT ARE THE KEYS TO YOUR SUCCESS? » Technology » Data » People » Resources » Leadership WHAT INDUSTRY AWARDS, ACCOLADES, AND MILESTONES HAS YOUR BUSINESS ACHIEVED? Finalist for Technology Vendor of the Year in a leading industry publication