ACES Risk Management (ARMCO), a leading provider of enterprise financial risk mitigation software solutions, announced an integration with BankVOD, the company that developed an electronic risk interface for asset verifications.
This integration, which is intended to provide a direct, seamless connection between ARMCO’s ACES Audit Technology and BankVOD’s Verification Hub, enables ARMCO clients to order Asset Verifications, 4506-T, employment, occupancy, liens and judgment information on a batch or flow basis, and receive the data via a secure electronic transfer directly into their ACES instance, according to a company press release.
BankVOD is the exclusive provider of bank statement verifications for 18 of the country’s top 50 banks, the release states. Prior to this integration, organizations were required to leave their QC software system, then order and receive IRS tax transcripts and bank verifications from BankVOD’s secure web-based portal. In addition, they were not able to order IRS transcripts or verifications on a bulk basis.
“This integration doesn’t merely make the verification process faster, it also makes it more consistent and secure, which are two big factors in achieving quality,” ARMCO President Phil McCall said. “At ARMCO, we feel lenders should never have to choose between quality and time or resources. That’s why we are constantly pursuing ways, like this integration, to make quality faster, easier and more accessible to achieve for lenders of all sizes.”
“Industry leading companies like ARMCO always appreciate our unflinching commitment to providing the most secure way that files are exchanged and data is handled,” BankVOD co-founder and Managing Partner Tim Portley said. “We’re pleased to partner with ARMCO to offer lenders an even faster and more efficient way to verify bank data, and we’re elated to discover new ways to make the user experience the best it can possibly be.”