VeriFi™ is a comprehensive due diligence and data validation software specifically designed for the banking and lending industries. It provides a complete solution to control all aspects of the due diligence process, allowing business users to customize review requirements for any loan asset type. The software's flexibility enables real-time adjustments during reviews, ensuring responsiveness to project-specific demands. VeriFi™ automates the due diligence process through intelligent workflows, reducing turn-around times and increasing accuracy. Key features include comprehensive reporting for process optimization and team management, income calculators with embedded formulas for various income scenarios, and compliance testing integrated with ComplianceEase® products. It also offers robust exception management for data validation against predefined or new rules, and supports multiple rating agencies and scoring methods for rating agency grading. The solution includes onboarding assistance, onsite and online support with extended working hours, and is backed by industry experts with decades of financial sector experience.

Features & Benefits

• Automated Due Diligence Workflow: Manages every aspect of the due diligence operation with intelligent workflows for efficient review completion.
• Customizable Review Requirements: Allows business users to customize specific review requirements for any loan asset type and make real-time adjustments.
• Comprehensive Reporting: Provides custom reports for optimizing processes, team management, performance measurements, and progress tracking, including exception details and data variance.
• Income Determination Tools: Embedded formulas within templates create income determinations for various scenarios like W-2, hourly/salary, rental income, pension, and child support.
• Integrated Compliance Testing: Access to ComplianceEase® products with results directly linked to VeriFi’s exception management, providing details of regulations.
• Exception Management: Users can execute data validation by adding predefined or new exceptions to templates and configure exception testing to project specifications.
• Rating Agency Grading Support: Supports the utilization of multiple rating agencies and scoring methods, tied to exceptions.