Halcyon, a leading financial technology company, recently announced an upcoming integration with Fannie Mae’s Desktop Underwriter® (DU®) validation service. This integration will utilize the modernized IRS 8821 form to provide unmatched speed, accuracy, and flexibility in income verification processes. With over 25 years of experience in tax preparation and financial services, the Halcyon team is at the forefront of innovation in the industry.
The Halcyon system offers a wide range of 64 tax transcripts, covering everything from W-2s to K1s and 1120 business transcripts, in PDF and JSON formats. This comprehensive solution is not only cost-effective but also faster than current industry standards, with minimal rejection rates. CEO Kirk Donaldson expressed excitement about the collaboration with Fannie Mae, highlighting the significance of modernizing the IRS 8821 form in mortgage processing.
By directly sourcing data from the IRS, Halcyon’s solution eliminates errors that are commonly associated with manual data entry and visual checks. This seamless integration with existing systems is poised to transform income verification processes, potentially making income quality control checks a thing of the past. From new web-based solutions that provide transcripts within minutes to replacing inefficient processes with the IVES system, Halcyon’s tool caters to the needs of every originator and lender in the mortgage industry.
The integration of established transcript processes from the IRS into the mortgage industry demonstrates Halcyon’s commitment to setting new standards in the field. As a pioneer in the financial technology sector, Halcyon’s expertise and understanding of industry needs drive the development of innovative solutions that address critical challenges in mortgage processing.
For more information about Halcyon and their groundbreaking integration with Fannie Mae’s DU® validation service, please contact Chief Revenue Officer Bridget Trevino at http://www.halcyonsw.com. Stay updated on the latest developments from Halcyon and the financial technology industry for cutting-edge solutions that are reshaping income verification processes.
[Image: Halcyon logo]
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