To help you achieve peace of mind throughout the closing process, we are now able to direct clients to a workflow solution accessible with Dytrix, Inc.
ST. LOUIS -- May 18, 2021
DataVerify®, a leading provider of workflow solutions, data verification, and risk mitigation services to the mortgage industry, announced today it has agreed to an association with Dytrix, Inc. to offer wire validation and counterparty risk mitigation services to its valued lender clients.
DataVerify is now able to direct clients to a workflow solution at Dytrix where Dytrix helps lenders to ensure a safe closing transaction while meeting Know Your Counterparty/Vendor requirements. These advantages together with the added flexibility and automated approach this solution can help to lower lender loan fulfillment costs. At Dytrix, the lender’s balance sheet is protected through a process where closing agent identity is authenticated and wiring information is validated by Dytrix to prevent losses due to wire fraud, while at the same time optimizing the loan manufacturing process.
DataVerify is a premier provider of workflow solutions, risk mitigation, and data validation solutions for the mortgage industry. DataVerify harnesses advanced analytics and technology to create automated and configurable workflow solutions. Our highly responsive platform empowers lenders through an engine that helps to identify and measure potential threats such as data integrity errors and misrepresentations, identity theft, and property and application risk. Engineered to offer optimal flexibility, the DataVerify platform (which incorporates 4506, SSA, and employment and income verification) allows lenders to manage risks according to their institution’s tolerance level.
Dytrix is a fintech company providing identity authentication, qualification, and transaction validation services to leading mortgage bankers, lenders, and other parties making loans and other high value electronic transactions. The company’s SOC compliant, secure platform and supporting services are uniquely configured to client risk management requirements enabling clients to achieve significantly lower fulfillment costs.