Halcyon, a company that provides digital IRS integrated income verification solutions, has recently announced a partnership with CoreLogic in an effort to transform the income verification process within the lending and mortgage industry. This collaboration between the two companies is expected to bring increased efficiency, accuracy, and compliance to lenders.
The main focus of this partnership is Halcyon’s Tax Wallet, a tool designed to streamline the IRS income verification process. This innovative solution has already gained recognition for its performance, receiving approval from Freddie Mac and acceptance from Fannie Mae’s Digital Underwriter.
Kirk Donaldson, the CEO of Halcyon, expressed excitement about joining forces with CoreLogic, emphasizing their shared values of innovation and excellence. The collaboration between the two companies aims to leverage CoreLogic’s wide-reaching capabilities and Halcyon’s advanced technology to provide exceptional value to the mortgage industry, ultimately setting a new standard for income verification solutions.
Through this strategic alliance, CoreLogic will integrate Halcyon’s Tax Wallet into its suite of services, allowing lenders to access advanced income verification capabilities. This integration is expected to improve the accuracy and speed of the mortgage approval process, providing lenders with reliable and efficient tools for income verification.
Praveen Chandramohan, senior vice president of origination growth solutions at CoreLogic, highlighted the company’s commitment to delivering comprehensive solutions to clients. He described Halcyon’s Tax Wallet as a game-changer in the income verification space and expressed enthusiasm about offering this technology to customers through the CoreLogic AutomatIQ Borrower platform. This integration is expected to enhance efficiency and compliance in the mortgage process for clients utilizing CoreLogic’s services.
Overall, the partnership between Halcyon and CoreLogic represents a significant step forward in the evolution of income verification solutions within the lending and mortgage industry. By combining Halcyon’s innovative technology with CoreLogic’s extensive reach, lenders can expect to benefit from enhanced efficiency, accuracy, and compliance in the income verification process. This collaboration sets a new standard for income verification solutions and demonstrates a shared commitment to excellence and innovation within the industry.
