Data Facts Credit Solutions Go Mobile

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Data Facts, Inc., the nation’s leading provider of mortgage and banking solutions, comprehensive background screening, business credit solutions and tenant screening, recently announced that they are a supporting credit agency on the mobileLO iPad App. mobileLO is a point of sale application that allows loan officers and brokers to enter the data fields of a Uniform Residential Loan Application, generate a Good Faith Estimate and other federal and state-specific disclosure documents, pull the applicant’s credit report and collect electronic signatures.

MobileLO

Security is a number one priority for Data Facts and we were thrilled with the amount of
safeguards On The Go Technology included with this app.

Data Facts has partnered with On The Go Technology, the app’s developer, to offer this innovative new way for loan officers and brokers to conduct business. Loan officers and brokers are no longer tied to their desktop, laptop, carbon paper or pen and paper. mobileLO allows lenders to take their tablet on the road and never access an outdated loan origination system again, helping to accumulate more closed loans and in turn, increase profits.

With the free app download and registration, users can generate the Form 1003 and export the information in a Fannie Mae 3.2 data file. A premium subscription is also available which includes the disclosures, e-signature capability, and integration with Data Facts.

Security was a major concern for Data Facts and On The Go Technology. The app uses encrypted connections to transfer data and its security certificate is embedded on the device, preventing hackers from impersonating a connection. Borrower data stored on the iPad is also encrypted. In addition, the disclosure and credit documents are not saved on the device. The documents only exist for the duration of the session, so as soon as they are clicked off of, they are removed from the device. If the device was hacked, there would be no way for the hacker to browse through the Internet cache and find the credit report. It is also recommended that users enable password protection on their iPads.

“Data Facts is always looking for cutting edge technology that will help our customers be able to close more loans faster & easier,” said Julie Wink, EVP of Data Facts. “mobileLO provides the technology loan officers need in 2012, allowing them to fully utilize their iPad to close loans on the go. Security is a number one priority for Data Facts and we were thrilled with the amount of safeguards On The Go Technology included with this app.”

About On The Go Technology

On The Go Technology is a premier developer of mortgage banking software. In fact our private label web system is used across the country today by top tier lenders servicing the wholesale, retail and correspondent business channels. The same team which is responsible for our ground breaking mortgage banking software has brought forth another industry first. This time we’re servicing the loan originator out in the field. Founded in Austin, TX we are at the hub of technological innovation. Utilizing origination experience and state of the art technology we offer up the very best products the industry has to offer. Join the mobileLO movement and download our free iPad application.

About Data Facts

For nearly 23 years, mortgage lenders & banking professionals have been relying on Data Facts to provide information they trust to help them make informed decisions. Our best of breed technology delivers information quickly, accurately and securely. In addition to credit solutions, Data Facts offers Data Facts Credit Solutions Go Mobile a Clear to Close package that includes appraisal solutions, tax return verifications, social security verifications, flood certifications and fraud solutions. Those wanting more information about Data Facts should visit http://www.datafacts.com. Subscribe to our blog at http://datafactsmortgage.wordpress.com/ and follow us on Twitter @DFmtgsolutions.

Contact: Sara Kellum, Marketing Manager
skellum (at) datafacts.com Data Facts, Inc.
901-685-7599, http://www.datafacts.com

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Sara Kellum
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