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September 2023 » thefivestar.com 31 September 2023 F E A T U R E Differentiated Data Helps Automate and Streamline the Underwriting Process I n addition to supporting financial inclusion in the mortgage industry, differentiated data alongside a credit report can also streamline the mortgage underwriting process. It is no secret that manual underwrit- ing—obtaining physical documentation from third parties to determine the credit history of consumers applying for a mortgage loan—is a time-consuming and cumbersome process. Due to the lengthy nature of this manual pro- cess, consumers risk becoming less competitive compared to borrowers with a faster under- writing process. By automating the delivery of verified information, differentiated data can help reduce friction in the manual process, improve efficiency, while also protecting the lender from risk. A single financial opportunity can be a critical step to establishing individual financial health and generational wealth, changing the trajectory of families and communities for generations. More data drives better decisions. The addition of differentiated data supports financial inclusion initiatives with the goal of expanding the availability of credit to a wider range of borrowers, creating a clearer pathway to homeownership and greater financial inclu- sion. A single financial opportunity can be a critical step to establishing individual financial health and generational wealth, changing the trajectory of families and communities for generations.