Mortgage Software Solutions Blog

Guide to New York’s Cybersecurity Regulations

The deadline is less than a month away.

Topics: DocumentGuardian cloud storage mortgage business mortgage regulations Compliance Audit Mortgage Lending DFS 23 NYCRR Part 500 NYSDFS

Understanding the 4506-T Borrower Income Verification

For mortgage companies, nothing is more important than verifying that a prospective buyer has the income to repay the loan. The IRS is probably the best source to verify income, and the agency has a form that mortgagors can file with the IRS to solicit income verification.

Topics: DocumentGuardian borrower income verification

A Secure Alternative for Transferring Sensitive Mortgage Documents

Documents aren't really safe unless their transfer is secure from end to end. A mortgage company may store and manage its information with the highest standards, but there is still significant risk if the borrower or seller submits their documents through unsecure channels.

Topics: DocumentGuardian mortgage documents security

5 Ways DocumentGuardian Helps Mortgage Companies Protect Borrowers

Credit unions and mortgage companies are entrusted with some of clients’ most private information. From social security numbers to bank statements, it’s imperative that those companies are taking measured steps to protect borrowers and their private documents from cybersecurity threats.Often the borrowers themselves place their information in jeopardy when they send non-public information via unencrypted emails. This places many lenders in a predicament. Somehow, they must maintain trust, security, and compliance, without sacrificing client efficiency and convenience. Though achieving this balance was once a problem for mortgage companies, there is now a tool available that can do just that: DocumentGuardian. 

Topics: email security data security DocumentGuardian