Tag Archives: AccountChek

Informative Research’s AccountChek expands payroll provider network for mortgage lenders assessing income through Freddie Mac’s AIM

GARDEN GROVE, Calif., Feb. 20, 2025 (SEND2PRESS NEWSWIRE) — Informative Research, a premier technology provider delivering data-driven credit and verification solutions to the lending community, announced an enhancement to its integration with Freddie Mac’s Loan Product Advisor® (LPASM) asset and income modeler (AIM). This enhancement enables LPA to assess income and employment for eligibility of representation and warranty relief for lenders using AccountChek® for automated verification of income and employment (VOIE) across a broad range of supported payroll providers. As an approved third-party service provider, AccountChek enables lenders to obtain and transmit to LPA borrower data required for LPA’s automated assessment of income, assets and employment verification.

Image caption: Informative Research.

“AccountChek’s enhanced integration with AIM represents a major step forward for both mortgage lenders and borrowers,” said Brian Francis, Head of AccountChek at Informative Research. “By expanding payroll provider access, we’re helping lenders reduce risks, enhance loan quality and accelerate loan processing times, all while providing borrowers faster approvals, expanded access to credit and reduced documentation burdens.”

AIM automates the assessment of mortgage borrower assets, income and employment data through designated third-party service providers like AccountChek. Using consumer-permissioned technology to obtain direct-to-source data improves verification accuracy and efficiency, enabling lenders to streamline loan origination workflows, accelerate overall processing time and make better-informed lending decisions faster.

“We’re truly excited about our collaboration with Informative Research and this opportunity to expand access to LPA’s capabilities,” said Daniel Miller, Freddie Mac Single-Family Director of Strategic Technology Partnerships. “Informative Research’s approach to solving industry challenges aligns with Freddie Mac’s efforts to help lenders drive down the cost to originate, elevate loan quality and make homeownership more achievable for all.”

About Informative Research:

Informative Research, a Stewart company, is a premier technology provider delivering data-driven credit and verification solutions to the lending community. The solutions provider currently serves mortgage companies, banks, and lenders throughout the United States. The company is recognized for streamlining the loan process with its straightforward service model, progressive solutions, and cutting-edge technology. To learn more, visit https://www.informativeresearch.com/.

NEWS SOURCE: Informative Research

This press release was issued on behalf of the news source (Informative Research), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/informative-researchs-accountchek-expands-payroll-provider-network-for-mortgage-lenders-assessing-income-through-freddie-macs-aim/

Mortgage Lenders Can Now Meet Fannie Mae’s 10-Day Pre-Close VOE Requirements Using Informative Research’s AccountChek

GARDEN GROVE, Calif., Oct. 15, 2024 (SEND2PRESS NEWSWIRE) — Informative Research, a premier technology provider delivering data-driven credit and verification solutions to the lending community, announced that AccountChek® supports new enhancements to Fannie Mae’s Desktop Underwriter® (DU®) validation service designed to streamline the digital pre-close verification of employment (VOE), significantly enhance overall efficiency and improve the borrower experience.

Image caption: Informative Research.

As outlined in Fannie Mae’s Selling Guide, lenders are required to complete a 10-day pre-close verification of employment. Starting Sept. 20, 2024, lenders utilizing the DU validation service can now meet this requirement using an AccountChek deposit-based VOE report (DVOE). The report displays deposit transactions while omitting other bank data transactions, offering a more focused and efficient verification process. Approval applies to loan case files where employment was initially validated using an AccountChek asset verification report (VOA).

Lenders can utilize a single AccountChek order completed by the borrower to generate both a VOA report for asset, income and employment verification and a DVOE report for the 10-day pre-close verification. Although distinct, both reports are generated from a single AccountChek order, simplifying the process.

“We’ve witnessed the significant impact of utilizing AccountChek’s asset verification for upfront processes. With Fannie Mae’s latest updates allowing lenders to extend this streamlined approach to pre-close employment verification, we anticipate even greater operational efficiencies and cost savings,” said Brian Francis, Head of AccountChek at Informative Research. “This update not only enables the use of AccountChek DVOE report, but by removing the DTI limit, it also expands the scope of loan casefiles eligible for asset-based income and employment validation, as well as providing findings to the lender regardless of the DU recommendation. These changes expand lenders’ ability to use a single AccountChek order to verify income and employment on a loan.”

“This collaboration provides a new way for lenders to digitally verify employment when using Desktop Underwriter,” says Peter Skarnulis, Fannie Mae’s VP of Single-Family Digital Management Solutions,” and is part of our continued focus on delivering value through the products and services that we offer.”

About Informative Research

Informative Research, a Stewart company, is a leading technology platform that delivers data-driven solutions to the lending community. The solutions provider currently serves mortgage companies, banks, and lenders throughout the United States. The company is recognized for streamlining the loan process with its straightforward service model, progressive solutions, and cutting-edge technology. To learn more, visit https://www.informativeresearch.com.

NEWS SOURCE: Informative Research

To view the original story, visit: https://www.send2press.com/wire/mortgage-lenders-can-now-meet-fannie-maes-10-day-pre-close-voe-requirements-using-informative-researchs-accountchek/

Informative Research Announces Mortgage Lenders Using Fannie Mae’s Desktop Underwriter Can Now Validate Income and Employment with AccountChek

GARDEN GROVE, Calif. /ScoopCloud/ -- Informative Research, a leading technology platform that delivers data-driven solutions to the lending community, announced that lenders using Fannie Mae's Desktop Underwriter® (DU®) can now leverage a 12-month asset verification report to validate income and employment in addition to assets with a single asset report. By using direct deposit banking data to evaluate income and employment, lenders can streamline processes and improve the borrower experience.

"AccountChek has long been a trusted source of data to validate a consumer's assets, rent payments and cash flow, and now with the ability for lenders to leverage bank account data for the purpose of validating a consumer's income and employment in DU, we offer even greater value to our customers," said Informative Research Head of AccountChek Brian Francis. "By allowing DU users to leverage one report to satisfy multiple verification needs, Fannie Mae has provided lenders with a tremendous lift in terms of productivity and expense management [1]. Additionally, lenders do not have to order a special report to participate in this program, as AccountChek already provides the needed transaction data to DU in the existing asset report."

Once borrowers have authorized access to their financial information via AccountChek, the system retrieves the relevant information - including income deposits, expenses, and account balances - and generates a comprehensive report summarizing the data. This data is shared with the lender's point-of-sale platform and/or loan origination system, and in the AccountChek dashboard. AccountChek's direct integration with DU ensures the necessary data flows into DU as part of the loan submission to analyze income and employment eligibility along with assets.

In addition to improving operational efficiency and lowering costs, using a single source of data for assets, income and employment verification may also help lenders:

* Streamline large deposit verification by reducing documentation requirements.

* Enhance the borrower experience by reducing the documents borrowers have to provide, which could increase the chances of securing borrowers' business.

* Achieve Day 1 Certainty® through relief from representation and warranties when income, employment, and/or asset information is validated, which may increase loan quality and reduce repurchase risk.

"With DU, lenders can now get even more benefits from using a single 12-month asset report," said Peter Skarnulis, Fannie Mae Vice President, Business Account Management Solutions. "We continue to look for ways to help lenders streamline their validation processes and improve the borrower experience, and this latest enhancement helps them do just that."

In addition, lenders may increase the number of borrowers that receive an Approve/Eligible recommendation in DU by assessing eligibility through rent payment identification and a cash flow assessment.

"We're constantly looking for ways to innovate in the underwriting space," said Mark Fisher, Fannie Mae Vice President for Credit Risk Solutions. "Now, with a 12-month asset report, DU offers even more value than before, benefiting both lenders and borrowers."

Fannie Mae has established clear guidelines and resources to facilitate the onboarding of lenders into the program, ensuring a seamless transition to streamlined verification processes.

To get started, visit Fannie Mae's webpage, and submit the request form to begin the activation process: http://www.fanniemae.com/singlesource.

About Informative Research

Informative Research, a Stewart company, is a leading technology platform that delivers data-driven solutions to the lending community. The solutions provider currently serves mortgage companies, banks, and lenders throughout the United States. The company is recognized for streamlining the loan process with its straightforward service model, progressive solutions, and cutting-edge technology. To learn more, visit https://www.informativeresearch.com/.

CITATIONS:

[1] In a survey of pilot lenders, 50% saw some level of cost savings over their existing third-party report costs. Customer results may vary.

GARDEN GROVE, Calif., March 7, 2024 (SEND2PRESS NEWSWIRE) -- Informative Research, a leading technology platform that delivers data-driven solutions to the lending community, announced that lenders using Fannie Mae's Desktop Underwriter® (DU®) can now leverage a 12-month asset verification report to validate income and employment in addition to assets with a single asset report. By using direct deposit banking data to evaluate income and employment, lenders can streamline processes and improve the borrower experience.

Related link: https://www.informativeresearch.com/

LenderLogix Announces POS Integration with Informative Research’s AccountChek to Enhance the Mortgage Borrower Experience

BUFFALO, N.Y. /ScoopCloud/ -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers, announced the integration of AccountChek by Informative Research into its point-of-sale system LiteSpeed. This integration blends AccountChek's pioneering verification technology into LiteSpeed to seamlessly enhance the borrower experience and optimize the loan origination process to ensure a smooth experience for borrowers and users alike.

"Enhancing our clients' tech stacks with simple, digital-first tools is the foundation of our company's mission, and it's integrations like these that help us further that mission," said LenderLogix Co-Founder and CEO Patrick O'Brien. "By leveraging AccountChek's advanced verification capabilities, we can provide LOs with greater efficiency and accuracy, ensuring all parties experience the highest service standards."

AccountChek by Informative Research streamlines the lending process by providing advanced verification capabilities and seamless data integration for lenders and borrowers alike. With AccountChek's Verification of Assets (VOA), LenderLogix clients can expect enhanced efficiency and accuracy in the loan origination process, with VOA orders routed through the Encompass loan number and documents and data populating directly into the Encompass loan file. The VOA data will flow directly into the automated underwriting systems at the GSEs, allowing the lender seamless access to programs like Day 1 Certainty®, Asset and Income Modeler (AIM) and pre-close employment verifications.

"The integration of AccountChek into the LenderLogix LiteSpeed platform demonstrates our shared commitment to innovation and customer satisfaction while also enabling LenderLogix's clients to streamline the underwriting process by obtaining key verifications at the point of application," said Informative Research's Head of AccountChek Brian Francis. "We look forward to continuing our partnership to deliver impactful innovation to the mortgage lending community and help lenders advance their digital transformation efforts."

About Informative Research:

Informative Research, a Stewart company, is a leading technology platform that delivers data-driven solutions to the lending community. The solutions provider currently serves over 3,000 mortgage companies, banks, and lenders throughout the United States. The company is recognized for streamlining the loan process with its straightforward service model, progressive solutions, and cutting-edge technology. To learn more, visit https://www.informativeresearch.com/.

About LenderLogix:

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software and APIs to meet the needs of today's mortgage lenders. The company's suite of products addresses the speed at which today's real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://www.lenderlogix.com/.

RELATED LINKS:

https://www.informativeresearch.com/accountchek/

https://lenderlogix.com/litespeed-point-of-sale

LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers, announced the integration of AccountChek by Informative Research into its point-of-sale system LiteSpeed. This integration blends AccountChek's pioneering verification technology into LiteSpeed to seamlessly enhance the borrower experience and optimize the loan origination process to ensure a smooth experience for borrowers and users alike.

Related link: https://www.lenderlogix.com/

FormFree Builds on Its Success in 2018 with Addition of New Products and Industry Partnerships, Including Freddie Mac

ATHENS, Ga. /ScoopCloud/ -- After a banner 2018 that included new partnerships, a product launch and several industry accolades, automated verification provider FormFree(R) anticipates continued growth and innovation in 2019 thanks in part to an expanded focus on serving the needs of independent mortgage brokers.

"The wholesale channel is making a comeback, and FormFree will be there to support independent mortgage brokers with our three-in-one Passport Report that analyzes income, asset and employment data to make borrower qualification easier, more efficient and more accurate," said FormFree Founder and CEO Brent Chandler.

FormFree announced in September the launch of its new platform, NextGen, which increases the accuracy and simplicity with which lenders determine their borrowers' ability to pay loans. With features such as a fully customizable API-enabled environment, advanced income and employment analytics and PDF bank statements, FormFree delivered a tailored experience for the entire wholesale channel.

Early last year, FormFree announced that Asset Reports generated by its AccountChek(R) automated asset verification service meet all underwriting guidelines established by the U.S. Department of Veterans Affairs (VA). This landmark achievement ushered in a faster, easier way for VA borrowers to obtain a mortgage and continues to allow VA lenders and their investors to enjoy the benefits of automated asset verification with confidence.

Last year also brought the announcement that FormFree has been named a designated third-party service provider for automated income and asset verification as part of Freddie Mac's Loan Advisor platform. FormFree's partnership with Freddie Mac exponentially increased the number of borrowers able to reap the benefits of a faster, easier mortgage experience while also providing Freddie Mac-approved seller/servicers with highly valuable rep and warrant relief.

Additional partnerships announced during 2018 include BeSmartee, Black Knight Loan Sphere Exchange Digital, LendingQB and LoanBeam.

Founder and CEO Brent Chandler was named to Mortgage Professional America's Hot 100 list. Louann Bernstone, head of risk and compliance, received HousingWire's 2018 HW Insiders Award(TM). Acting President Faith Schwartz was named to National Mortgage Professional's inaugural list of Mortgage Banking's Most Powerful Women and received HousingWire's 2018 HW Vanguard Award(TM).

About FormFree(R):

FormFree is a fintech company whose market-leading AccountChek(R) Asset Reports are used by lenders nationwide to verify borrower assets, employment and income in minutes. To date, more than 1,000 U.S. lenders have ordered over 1.25 million AccountChek Asset Reports, delighting their customers with a paperless experience and reducing origination timelines by up to 20 days. FormFree offers automated analysis and standardized delivery to lenders and their investors using a secure ReIssueKey(TM). A HousingWire TECH100(TM) company for four consecutive years, FormFree is based in Athens, Georgia.

For more information, visit https://www.formfree.com or follow FormFree on LinkedIn.

After a banner 2018 that included new partnerships, a product launch and several industry accolades, automated verification provider FormFree(R) anticipates continued growth and innovation in 2019 thanks in part to an expanded focus on serving the needs of independent mortgage brokers.

Related link: https://www.formfree.com/

LendingQB Makes FormFree’s Award-Winning AccountChek Asset Verification Part of Its ‘Lean Lending’ Loan Origination Software

ATHENS, Ga. /ScoopCloud/ -- FormFree(R) today announced the availability of its AccountChek(R) automated asset verification service within LendingQB's web-based loan origination software (LOS). The integration enables lenders to order AccountChek Asset Reports directly from LendingQB's verifications dashboard.

FormFree's flagship AccountChek service lets borrowers demonstrate their ability to repay mortgage loans without tracking down bank statements or other asset documents. The secure process results in a smoother borrower experience that greatly reduces loan processing and underwriting time and reduces the total time required to close a loan.

FormFree was the first asset verification provider approved to participate in Fannie Mae's Day 1 Certainty(TM) initiative. Since the introduction of Day 1 Certainty in 2016, more than 1,000 lenders have placed over 1.25 million orders for AccountChek, which automates asset analysis and provides standardized delivery of asset verification to lenders and their investors using a secure ReIssueKey(TM).

"AccountChek provides an ultra-secure and convenient way for borrowers to submit asset and deposit data using any smart device - and now, through our integration with LendingQB, the experience is just as secure and convenient for the loan officer or processor initating the AccountChek process," said FormFree Founder and CEO Brent Chandler.

LendingQB is an award-winning LOS that received top industry marks for end-user experience in STRATMOR Group's December 2017 LOS Technology Insights report.

"LendingQB's verifications dashboard gives lenders efficient access to the Day 1 Certainty services they know and trust, like AccountChek by FormFree," said LendingQB President Tim Nguyen. "By reducing the time and effort required to enable, order and track these services, we are further enhancing the value they already bring to our customers."

About FormFree(R):

FormFree is a fintech company whose market-leading AccountChek(R) reports are used by hundreds of lenders nationwide to verify borrower assets, employment and income in minutes. With FormFree, lenders can delight customers with a paperless experience and reduce origination timelines by up to 20 days. FormFree offers automated analysis and standardized delivery to lenders and their investors using a secure ReIssueKey(TM). To date, AccountChek has securely placed more than one million asset reports for over 1,000 U.S. lenders. A HousingWire TECH100(TM) company for four consecutive years, FormFree is based in Athens, Georgia. For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

About LendingQB:

LendingQB is a provider of Lean Lending solutions for residential mortgage banking organizations. The Lean Lending solution consists of a 100 percent web browser-based, end-to-end loan origination system, best of breed integrations with key industry partners and 'adoptimization' services that result in faster cycle times and lower costs per loan. For more information, please call (888) 285-3912 or visit https://lendingqb.com.

FormFree today announced the availability of its AccountChek automated asset verification service within LendingQB's web-based loan origination software (LOS). The integration enables lenders to order AccountChek Asset Reports directly from LendingQB's verifications dashboard.

Related link: http://www.formfree.com/

FormFree Celebrates Its Tenth Year of Operations with Broader Investor Acceptance, New Products and Features for Lenders

ATHENS, Ga. /ScoopCloud/ -- The last 24 months have seen aggressive growth and milestone achievements for automated verification provider FormFree(R) - and now the fintech company is setting its sights on achieving even greater market penetration in 2018 thanks to broader investor acceptance and new products and features designed to meet lenders' unique needs.

In 2016, Fannie Mae named FormFree its first designated vendor for automated asset verification as part of the Day 1 Certainty(TM) initiative. Since then, FormFree has signed more than 800 lender clients, including 70% of the nation's top 40 mortgage originators, and accepted over 1.25 million orders for the company's flagship AccountChek(R) Asset Report. The company also increased its total number of technology integrations and reseller partnerships to over 100, making AccountChek available for more than 90% of mortgage transactions nationwide.

A recent announcement from the U.S. Department of Veterans Affairs (VA) makes even more loans eligible for automated asset verification through AccountChek. On December 29, the VA published Circular 26-17-43 confirming that the VA permits the use of automated asset verification services like AccountChek.

According to company founder and CEO Brent Chandler, this broad investor acceptance combined with FormFree's launch of new features and products in early 2018 will reinforce AccountChek's position as the leading tool for determining borrower creditworthiness.

"Beginning in February, FormFree will supplement AccountChek Asset Reports with copies of borrowers' full bank statements at no additional cost, enabling lenders to use AccountChek for every loan in their pipelines," said Chandler. "And soon, they'll be able to use AccountChek to verify not just borrower assets, but income and employment data as well."

Officially launching later this year, AccountChek 3-in-1(TM) will allow lenders to verify borrower asset, employment and income information using data harvested in a single query and aggregated in a single report.

About FormFree(R):
FormFree is a fintech company whose market-leading AccountChek(R) Asset Reports are used by lenders nationwide to verify borrower assets, employment and income in minutes. To date, more than 1,000 U.S. lenders have ordered over a million AccountChek Asset Reports, delighting their customers with a paperless experience and reducing origination timelines by up to 20 days.

FormFree offers automated analysis and standardized delivery to lenders and their investors using a secure ReIssueKey(TM). A HousingWire TECH100(TM) company for four consecutive years, FormFree is based in Athens, Georgia.

For more information, visit https://www.formfree.com or follow FormFree on LinkedIn.

The last 24 months have seen aggressive growth and milestone achievements for automated verification provider FormFree -- and now the fintech company is setting its sights on achieving even greater market penetration in 2018 thanks to broader investor acceptance and new products and features designed to meet lenders' unique needs.

Related link: http://www.formfree.com/

AccountChek by FormFree Automated Asset Report Now Accepted for VA Loans

ATHENS, Ga. /ScoopCloud/ -- FormFree(R) today announced that asset reports generated by its AccountChek(R) automated asset verification service meet all underwriting guidelines established by the U.S. Department of Veterans Affairs (VA) for loans guaranteed by its Loan Guaranty Service. The announcement follows the VA's December 29, 2017, release of Circular 26-17-43, which was issued in response to increasing lender interest in automated verification of borrower assets for VA loans.

AccountChek eliminates the burden of gathering asset documents for loans by letting consumers easily and securely transmit their online banking, retirement and investment account data for automated analysis. In just minutes, AccountChek delivers asset data to lenders in a standardized report along with a ReIssueKey(tm) that enables secure and streamlined sharing with the secondary market. The result is an easier, safer and more accurate process that closes loans up to 20 days faster, provides a better borrower experience and circumvents a host of common "hiccups" that plague manual asset verification.

"AccountChek completely eradicates lenders' need to track down missing statement pages, wait on deposits to clear or wait for new statement cycles to begin, which translates to substantial time and cost savings. Moreover, AccountChek greatly reduces compliance risk for all parties to the loan by removing the opportunity for human error and fraud," said FormFree CEO Brent Chandler. "Now, VA lenders and their investors can take advantage of the benefits of automated asset verification with confidence."

The circular clarifies that the VA permits lender use of third-party providers for automated asset, income and employment verification. As always, lenders bear ultimate responsibility for ensuring the accuracy of all information upon which credit underwriting decisions are based.

"This clarification should give lenders the confidence they need to extend a significant benefit to our nation's honored veterans," Chandler said. "As a veteran myself, I am proud to help make the lives of VA borrowers easier by giving them a faster, easier way to obtain a mortgage."

About FormFree(R):

FormFree is a fintech company whose market-leading AccountChek(R) reports are used by lenders nationwide to verify borrower assets, employment and income in minutes. To date, more than 1,000 U.S. lenders have ordered over a million AccountChek asset reports, delighting their customers with a paperless experience and reducing origination timelines by up to 20 days. FormFree offers automated analysis and standardized delivery to lenders and their investors using a secure ReIssueKey(tm). A HousingWire TECH100(tm) company for four consecutive years, FormFree is based in Athens, Georgia. For more information, visit https://www.formfree.com or follow FormFree on LinkedIn.

* LOGO: Send2Press.com/300dpi/17-0926s2p-formfree-300dpi.jpg

FormFree today announced that asset reports generated by its AccountChek automated asset verification service meet all underwriting guidelines established by the U.S. Department of Veterans Affairs (VA) for loans guaranteed by its Loan Guaranty Service. The announcement follows the VA's December 29, 2017, release of Circular 26-17-43, which was issued in response to increasing lender interest in automated verification of borrower assets for VA loans.

Related link: http://www.formfree.com/

FormFree Appoints Housing Finance Authority Faith Schwartz to Board of Directors

ATHENS, Ga. /ScoopCloud/ -- FormFree(R) today announced that housing finance expert Faith Schwartz has been elected to its board of directors.

Among the most influential leaders in the mortgage industry, Schwartz has played a firsthand role in shaping current housing finance best practices and public policy. Principal and founder of Housing Finance System Strategies, a housing finance strategic advisory firm, Schwartz also serves as a senior advisor to the leadership team of Accenture Credit Services.

In 2007, Schwartz was recruited to lead HOPE NOW, an alliance formed by the U.S. Secretary of the Treasury in response to the housing market crisis. As HOPE NOW's executive director, a position she refers to as a "career highlight," Schwartz assembled a coalition of government agencies, lending institutions, nonprofits and housing trades. Schwartz has also held executive-level roles at CoreLogic and Freddie Mac.

Recognized by Mortgage Banking magazine as one of its 20 Distinguished Industry Women, Schwartz was also named one of HousingWire's 2012 Women of Influence and is a recipient of a lifetime achievement award from the Five Star Institute. She actively serves on the boards of Hope LoanPort (HLP), the National Fair Housing Alliance (NFHA), Riskspan and Saint Anselm's Abbey School. She holds a master's degree in business administration from the University of Pittsburgh and a bachelor's degree in accounting from Shippensburg State College.

"FormFree's data-driven solutions have found a unique toehold in the mortgage industry and have the potential to transform the broader financial services landscape," said Schwartz. "Automated verification of borrower assets, employment and income makes lending simple and secure for everyone involved. I look forward to being part of a growing company that is shaping the future of lending."

About FormFree:

FormFree(R) is a fintech company whose market-leading AccountChek(R) reports are used by hundreds of lenders nationwide to verify borrower assets, employment and income in minutes. With FormFree, lenders can delight customers with a paperless experience and reduce origination timelines by up to 20 days. FormFree offers automated analysis and standardized delivery to lenders and their investors using a secure ReIssueKey(TM). To date, AccountChek has securely placed more than one million asset reports for over 1,000 U.S. lenders. A HousingWire TECH100(TM) company for four consecutive years, FormFree is based in Athens, Georgia.

For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

*PHOTO for Media: Send2Press.com/300dpi/17-1128s2p-Faith-Schwartz-300dpi.jpg
*Photo Caption: Housing Finance Authority Faith Schwartz Joins FormFree Board.

FormFree today announced that housing finance expert Faith Schwartz has been elected to its board of directors. Among the most influential leaders in the mortgage industry, Schwartz has played a firsthand role in shaping current housing finance best practices and public policy.

Related link: http://www.formfree.com/

Guaranteed Rate Adopts Automated Asset Verification from AccountChek by FormFree, Reduces Time to Close By Up to 10 Days

ATLANTA, Ga. /ScoopCloud/ -- FormFree(R) today announced that Guaranteed Rate, Inc. ("Guaranteed Rate"), one of the nation's largest independent retail mortgage companies, has selected AccountChek(R) by FormFree for automated asset verification.

The partnership enables loan officers at Guaranteed Rate to offer their clients a faster, safer and more accurate alternative to scanning and uploading asset statements. AccountChek's intuitive app lets borrowers securely link to their banking, retirement and investment accounts and share the asset and deposit data needed to qualify for a loan.

"AccountChek saves borrowers the extra 20 minutes it takes to collect and upload paper statements, but it also does much more than that - it streamlines the entire loan process," said Nikolaos Athanasiou, chief operating officer at Guaranteed Rate.

"No matter what financial institutions a borrower uses, we receive one standardized asset report in the GSE-required format. This speeds up our underwriting review and gives us greater confidence in our ability to sell the loan," Athanasiou continued. "As a result, we're moving borrowers from application to closing on average five to 10 days faster."

"AccountChek helps lenders achieve reps and warrants relief from Fannie Mae while delivering a more modern lending experience to borrowers," said FormFree Founder and President Brent Chandler. "We're seeing outstanding results like those Guaranteed Rate has attained - up to a 10-day reduction in time-to-close - across our customer base and corroborated by Fannie's Day 1 Certainty team."

AccountChek was the first asset verification provider approved for participation in Fannie Mae's Day 1 Certainty(TM) initiative, which gives lenders who use the Desktop Underwriter(R) (DU(R)) Validation Service reps and warrants relief for validated loan components.

About FormFree:

Leading lenders trust FormFree's automated verification solutions that streamline the loan origination process and provide better intelligence on borrowers' ability to repay. FormFree's flagship app, AccountChek(R), eliminates the hassle of collecting paper statements from borrowers by using direct-access data untouched by human hands to consolidate, analyze and verify assets. AccountChek securely delivers automated asset verification data and on-demand reports to more than 350 leading U.S. lenders. A HousingWire TECH100(TM) company for four consecutive years, FormFree is based in Atlanta, Georgia. For more information, visit http://www.formfree.com.

About Guaranteed Rate:

Guaranteed Rate is the eighth largest retail mortgage lender in the United States. Headquartered in Chicago, the company has approximately 195 offices across the U.S. and Washington, D.C., and is licensed in all 50 states. Since its founding in 2000, Guaranteed Rate has helped hundreds of thousands of homeowners with home purchase loans and refinances and funded nearly $23 billion in loans in 2016 alone.

The company has become the Home Purchase Experts(R) by introducing the world's first Digital Mortgage technology and offering low rate, low fee mortgages through an easy-to-understand process and unparalleled customer service. Guaranteed Rate won an American Business Award for its Digital Mortgage technology in 2016, ranked No. 1 in Scotsman Guide's Top Mortgage Lenders 2016, was chosen Top Lender 2016 by Chicago Agent magazine and made the Chicago Tribune's Top Workplaces list five of the past six years.

Visit https://rate.com for more information.

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FormFree(R) today announced that Guaranteed Rate, Inc. ("Guaranteed Rate"), one of the nation's largest independent retail mortgage companies, has selected AccountChek(R) by FormFree for automated asset verification.

Related link: http://www.formfree.com/

Ann Fulmer Joins FormFree as Chief Strategy and Industry Relations Officer

ATLANTA, Ga. /ScoopCloud/ -- FormFree(R) today announced that it has hired mortgage loan quality subject matter expert and analyst Ann Fulmer as its chief strategy and industry relations officer. FormFree's flagship product, AccountChek(R), is an asset verification app that streamlines the loan underwriting process for both borrowers and lenders, resulting in higher borrower satisfaction and shaving more than a week off the time it takes to close a loan.

In her role, Fulmer will drive FormFree's strategic planning and implementation, manage the firm's institutional relationships and interactions with federal and state regulators and oversee outreach to industry associations and advocacy groups. In addition, she will spearhead the firm's long-term development of a comprehensive mortgage compliance solution.

"Ann Fulmer has been a FormFree friend and advisor for years, so we already know that she is a tremendous asset with unmatched expertise in data-driven loan quality methodologies," said FormFree Founder and President Brent Chandler. "Her role is integral as we implement strategies for building even greater value and functionality into AccountChek and explore further asset-related innovations in consumer lending."

A nationally recognized strategist, thought leader, speaker and author specializing in data integrity, fraud and federal/Consumer Financial Protection Bureau (CFPB) regulatory compliance in mortgage loan originations, Fulmer has been a mortgage industry mainstay for more than 17 years.

Most recently, Fulmer was vice president of industry relations and strategy for First American Mortgage Solutions following its 2014 acquisition of mortgage fraud solutions provider Interthinx, a groundbreaking data and analytics innovater she joined in 2005. Previously, Fulmer built her grassroots mortgage fraud expertise in metro Atlanta in her roles as DeKalb County district attorney and in the county's tax assessor's office, where she helped develop metrics to identify mortgage fraud in property transactions.

"Thanks to the maturation of augmented intelligence and other digital solutions that automate data-intensive processes, the mortgage industry is poised to solve some of its most deeply-rooted challenges, and FormFree has led the way with its AccountChek asset verification app already transforming both the borrower and lender experience," said Fulmer. "Given my decades-long obsession with risk management and fraud mitigation in mortgage lending, joining FormFree as an employee feels a lot like coming home."

About FormFree(R):

Leading lenders trust FormFree's automated verification solutions that streamline the loan origination process and provide better intelligence on borrowers' ability to repay. FormFree's flagship app, AccountChek(R), eliminates the hassle of collecting paper statements from borrowers by using direct-access data untouched by human hands to consolidate, analyze and verify assets. AccountChek securely delivers automated asset verification data and on-demand reports to more than 350 leading U.S. lenders. A HousingWire TECH100(TM) company for four consecutive years, FormFree is based in Atlanta, Georgia.

For more information, visit http://www.formfree.com/.

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FormFree(R) today announced that it has hired mortgage loan quality subject matter expert and analyst Ann Fulmer as its chief strategy and industry relations officer. FormFree's flagship product, AccountChek(R), is an asset verification app that streamlines the loan underwriting process for both borrowers and lenders, resulting in higher borrower satisfaction and shaving more than a week off the time it takes to close a loan.

AccountChek by FormFree Automates Asset Verification for Users of Black Knight Financial Services’ LoanSphere Empower Loan Origination System

ATLANTA, Ga. /ScoopCloud/ -- FormFree(R) today announced the direct integration of its AccountChek(R) automated asset verification service with the LoanSphere(R) Empower(R) loan origination system (LOS) offered by Black Knight Financial Services, a leading provider of integrated technology, data and analytics to the mortgage and real estate industries.

LoanSphere Empower enables lenders to originate both first mortgages and home equity loans and lines of credit on a single system, improving data integrity and security, significantly reducing errors and eliminating the need for duplicate entry associated with managing multiple systems. The seamless integration with AccountChek provides LoanSphere Empower users the ability to verify and share asset and deposit information with their lenders in seconds without uploading bank statements.

"One of the many ways LoanSphere Empower helps lenders remain competitive is through seamless integrations with industry leading capabilities like AccountChek," said Jerry Halbrook, president of Black Knight's Origination Technologies and Enterprise Business Intelligence divisions. "Automated asset verification through AccountChek can reduce the loan approval process by days."

AccountChek was the first asset verification provider approved for participation in Fannie Mae's Day 1 Certainty(tm) initiative, which gives lenders that use the Desktop Underwriter(R) (DU(R)) Validation Service reps and warrants relief for validated components of a loan. The AccountChek integration with LoanSphere Empower enables users to benefit from the reps and warrants relief available with this program.

AccountChek streamlines the loan underwriting process for both borrowers and lenders, resulting in quicker decisions and higher borrower satisfaction. The mobile-optimized asset verification app securely connects with virtually any financial institution to consolidate, analyze and verify assets and deposits, delivering a safe and hassle-free experience for borrowers and greater purchase certainty for lenders.

"Black Knight shares our belief that a better borrower experience can co-exist with a more efficient, accurate and profitable lending workflow," said FormFree Founder and President Brent Chandler, who addressed attendees of Black Knight's 2017 Information Exchange in Orlando on April 24. "With AccountChek, LoanSphere Empower users relieve their customers of the burden of manual document submission while benefitting from the speed and accuracy of systematized asset review and analysis."

About FormFree(R):

Leading lenders trust FormFree's automated verification solutions that streamline the loan origination process and provide better intelligence on borrowers' ability to repay. FormFree's flagship app, AccountChek(R), eliminates the hassle of collecting paper statements from borrowers by using direct-access data untouched by human hands to consolidate, analyze and verify assets. AccountChek securely delivers automated asset verification data and on-demand reports to more than 350 leading U.S. lenders. A HousingWire TECH100(tm) company for four consecutive years, FormFree is based in Atlanta, Georgia. For more information, visit http://www.formfree.com/.

About Black Knight Financial Services, Inc.:

Black Knight Financial Services, Inc. (NYSE:BKFS) is a leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle.

Black Knight Financial Services is committed to being a premier business partner that lenders and servicers rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight Financial Services, please visit http://www.bkfs.com.

FormFree(R) today announced the direct integration of its AccountChek(R) automated asset verification service with the LoanSphere(R) Empower(R) loan origination system (LOS) offered by Black Knight Financial Services, a leading provider of integrated technology, data and analytics to the mortgage and real estate industries.

HLP to Offer Automated Asset Verification through Partnership with AccountCheck by FormFree

BALTIMORE, Md. /ScoopCloud/ -- HLP today announced it will integrate FormFree's AccountChek(TM) automated asset verification service into its communication platform, making it easier for consumers and HUD-certified, nonprofit housing counselors to apply for loan modifications and other options to avoid foreclosure. The partnership will enable consumers and their advocates to verify assets and deposits faster and more accurately using AccountChek's ultra-secure, fully digital process.

HLP, the only nonprofit technology provider in residential mortgage finance, has helped more than 500,000 homeowners seeking to avoid foreclosure since its founding in 2009. HLP connects consumers, HUD-certified housing counselors, mortgage lenders, servicers, investors, attorneys and government agencies on a single platform to build solutions that help individuals and families achieve and sustain homeownership.

"This partnership will benefit homeowners in financial distress by streamlining loss mitigation processing and taking it to a new level of efficiency, reliability and security," said Cam Melchiorre, president and CEO of HLP. "AccountChek provides all the documentation servicers need to determine a consumer's ability to pay under a home retention workout - without the frustration of gathering statements or dealing with lost or incomplete paperwork."

AccountChek by FormFree is a cloud-based service that securely connects with virtually any financial institution to analyze consumer assets and deposits, delivering a safe and hassle-free verification experience for borrowers and greater purchase certainty for lenders and investors. FormFree is Fannie Mae's first designated vendor for asset verification through Desktop Underwriter(r) (DU(r)) as part of its Day 1 Certainty(TM) program, which offers enforcement relief from certain reps and warranties for validated loan components.

"We are proud to help consumers avoid the burden of foreclosure by making asset verification a more painless part of the loss mitigation process," said Brent Chandler, founder and CEO of FormFree. "Through this integration with HLP, consumers and their advocates can now enjoy the same benefits AccountChek already delivers to borrowers applying for a new mortgage."

About Hope LoanPort (HLP)

Created in 2009, HLP powered by RX Office is a nonprofit collaborative that connects counselors, advocates, mortgage lenders, servicers, investors, attorneys and government agencies to build solutions that help individuals and families achieve and sustain homeownership. HLP unifies the housing industry by encouraging stakeholders to share information with each other via its technology platform and collaborate to find solutions to help homeowners. To date, HLP has helped more than 500,000 homeowners during their time of need. For more information, visit https://www.hlp.org/.

About FormFree

Leading lenders trust FormFree's automated verification solutions that streamline the loan origination process and provide better intelligence on borrowers' ability to repay. FormFree's flagship app, AccountChek(TM), eliminates the hassle of collecting paper statements from borrowers by using direct-access data untouched by human hands to consolidate, analyze and verify assets. AccountChek securely delivers automated asset verification data and on-demand reports to more than 350 leading U.S. lenders. A HousingWire TECH100(TM) company for four consecutive years, FormFree is based in Atlanta, Georgia. For more information, visit http://www.formfree.com/.

HLP (Hope LoanPort) today announced it will integrate FormFree's AccountChek(TM) automated asset verification service into its communication platform, making it easier for consumers and HUD-certified, nonprofit housing counselors to apply for loan modifications and other options to avoid foreclosure.

Cloudvirga Introduces AccountChek Automated Asset Verification into Its intelligent Mortgage Platform

ATLANTA, Ga. /ScoopCloud/ -- FormFree today announced that cloudvirga(SM), developer of the automated, cloud-based intelligent Mortgage Platform(R) (iMP), has selected AccountChek(TM) for automated asset verification. Cloudvirga's custom integration of AccountChek into the iMP collects borrower account information early in the loan application process and offers a seamless asset verification experience unlike any other mortgage point-of-sale (POS) system in the marketplace today.

"Cloudvirga is re-engineering the mortgage workflow with a relentless focus on increasing efficiency and driving down the cost of lending," said Kyle Kamrooz, co-founder of cloudvirga. "Our partnership with AccountChek by FormFree exemplifies how cloudvirga delivers on the promise of true automation."

A next-generation mortgage POS system, the iMP takes consumer empowerment way beyond the typical digital loan application while automating the entire initial disclosures process for loan officers and consumers in all 50 states. The POS gives consumers and loan officers an automated, intuitive and compliant workflow while moving many traditional back-office tasks to the front of the loan process.

FormFree's flagship app, AccountChek allows borrowers to securely link asset and deposit data from virtually any financial institution. Within seconds, lenders receive detailed analysis on the borrower's ability to repay. Trusted by hundreds of lenders and hundreds of thousands of borrowers, AccountChek was the first provider of asset verification to participate in Fannie Mae's Day 1 Certainty(TM) initiative.

"AccountChek is a perfect fit for the intelligent Mortgage Platform, not just because we're the most trusted name in asset verification, but also because we share cloudvirga's vision of a more modern and efficient way of lending," said Brent Chandler, chief executive officer and founder of FormFree. "By not only collecting but applying sophisticated analysis to borrower data, AccountChek completely eliminates the need for back-office verification."

About cloudvirga(SM):

Cloudvirga is the company behind the cloud-based intelligent Mortgage Platform(R) (iMP) designed to streamline the mortgage process. The platform is digitizing the mortgage industry by deploying an automated workflow to reduce overall cost, increase transparency and shorten the time it takes to close a loan for both borrowers and lenders. Founded by Bill Dallas, Kyle Kamroo, and Mark Attaway, seasoned financial veterans with a proven track record of building mortgage-related technologies, cloudvirga is disrupting the antiquated mortgage industry.

For more information, visit http://www.cloudvirga.com/ or follow cloudvirga on LinkedIn at https://www.linkedin.com/company-beta/7577062/.

About FormFree:

Leading lenders trust Athens, Georgia-based FormFree to deliver automated verification solutions that streamline the loan origination process and provide better intelligence on borrowers' ability to repay. FormFree's flagship app, AccountChek(TM), eliminates the hassle of collecting paper statements from borrowers by using direct-access data untouched by human hands to consolidate, analyze and verify assets. Lender tested and GSE approved, AccountChek securely delivers automated asset verification data and on-demand reports to more than 200 leading U.S. lenders and their millions of customers. FormFree was named one of American Banker magazine's "Top 10 Tech Companies to Watch" in 2015.

For more information, visit http://www.formfree.com/.

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FormFree today announced that cloudvirga(SM), developer of the automated, cloud-based intelligent Mortgage Platform(R) (iMP), has selected AccountChek(TM) for automated asset verification. Cloudvirga's custom integration of AccountChek into the iMP collects borrower account information early in the loan application process and offers a seamless asset verification experience.

FormFree Announces Integration of AccountChek into Ellie Mae’s Encompass Consumer Connect

ATLANTA, Ga. /ScoopCloud/ -- FormFree today announced that its AccountChek(TM) automated asset verification service is available through Ellie Mae's Encompass Consumer Connect(TM) point of sale loan origination solution, an extension of the Encompass mortgage management solution. Encompass Consumer Connect enables lenders to deliver a state-of-the-art, completely branded and unique self-service online loan origination experience for homebuyers. The seamless integration with AccountChek allows Encompass Consumer Connect users to verify and share asset and deposit information with their lenders in seconds without uploading bank statements.

AccountChek is an asset verification service that streamlines the loan underwriting process for both borrowers and lenders, resulting in quicker decisions and higher borrower satisfaction. The cloud-based app securely connects with virtually any financial institution to consolidate, analyze and verify assets and deposits, delivering a safe and hassle-free experience for borrowers and greater purchase certainty for lenders.

AccountChek is also the first provider of asset verification to participate in Fannie Mae's Day 1 Certainty(TM) initiative, which gives lenders who use the Desktop Underwriter(R) (DU(R)) Validation Service reps and warrants relief for validated components of a loan.

Ellie Mae is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Its Encompass Consumer Connect helps lenders attract prospective borrowers with a customized web experience that allows them to research rates and loan options, request information and complete a loan application all online. The dynamic loan application is designed to make the process easy for the consumer by leveraging services like AccountChek that minimize data entry, ensure high data accuracy and deliver a more complete loan application, thereby reducing overall loan processing time for both borrower and lender.

"FormFree is delighted to partner with Ellie Mae once again," said FormFree Founder and President Brent Chandler. "AccountChek has been an integrated part of Encompass since 2014. With our expansion into the newly introduced Consumer Connect, homebuyers can experience a truly streamlined self-service loan application process."

For more information on Ellie Mae's Encompass Consumer Connect, visit http://www.elliemae.com/encompass/sales-marketing/encompass-consumer-connect.

About FormFree

Leading lenders trust Athens, Georgia-based FormFree to deliver automated verification solutions that streamline the loan origination process and provide better intelligence on borrowers' ability to repay. FormFree's flagship app, AccountChek(TM), eliminates the hassle of collecting paper statements from borrowers by using direct-access data untouched by human hands to consolidate, analyze and verify assets. Lender tested and GSE approved, AccountChek securely delivers automated asset verification data and on-demand reports to more than 200 leading U.S. lenders and their millions of customers. FormFree was named one of American Banker magazine's "Top 10 Tech Companies to Watch" in 2015.

For more information, visit http://www.formfree.com/.

About Ellie Mae

Ellie Mae (NYSE:ELLI) is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Mortgage lenders of all sizes use Ellie Mae's Encompass(R) all-in-one mortgage management solution, Mavent Compliance Service and AllRegs research, reference and education resources to improve compliance, loan quality and efficiency across the entire mortgage lifecycle.

Visit EllieMae.com or call (877) 355-4362 to learn more.

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FormFree today announced that its AccountChek(TM) automated asset verification service is available through Ellie Mae's Encompass Consumer Connect(TM) point of sale loan origination solution, an extension of the Encompass mortgage management solution. Encompass Consumer Connect enables lenders to deliver a state-of-the-art, completely branded and unique self-service online loan origination experience for homebuyers.

FormFree Named to HousingWire’s TECH100 List of Most Innovative Tech Companies for Fourth Consecutive Year

ATLANTA, Ga. /ScoopCloud/ -- FormFree today announced that it has been named to HousingWire's HW TECH100(TM) list of the most innovative technology companies in mortgage finance and real estate for the fourth year in a row. FormFree has been featured in the TECH100 list since 2014, when the company also won a special category prize for most unique solution.

The HW TECH100 program recognizes the increasingly influential role tech providers play in advancing the U.S. housing economy. Winners are selected by HousingWire's editorial staff based on the uniqueness of their solution and the significance of their market influence or potential. HousingWire received more than 400 nominations in the program's inaugural year, and since then the program has seen a steady increase in the number and caliber of companies applying for the honor.

HousingWire recognized FormFree for its award-winning, mobile-friendly AccountChek(TM) app, which helps financial institutions determine the ability of their customers to pay back loans using data obtained directly and securely from the borrower's financial institutions. AccountChek is the first designated vendor to manage asset verification for Desktop Underwriter(R) (DU(R)), part of Fannie Mae's landmark Day 1 Certainty(TM) initiative introduced last fall.

"We are honored to be recognized by HousingWire for a fourth consecutive year. It's a testament to AccountChek's continuing relevancy as an innovator and trusted provider of asset verification for Fannie Mae customers," said FormFree Founder and President Brent Chandler. "FormFree is on a mission to transform the way lenders verify borrower bona fides, starting with secure, paperless, automated asset verification through AccountChek. With even more exciting innovations in the works, we are ever focused on moving the industry forward with the help of our valued customers and partners."

"The companies that make up the 2017 HW TECH100(TM) are the cream of the crop of the entire housing industry, from real estate to mortgage lending, servicing and investment," said HousingWire Senior Financial Reporter Ben Lane. "These companies aren't just taking part in the housing industry's technological revolution; they're leading it."

For a full list of honorees, visit http://tech100.housingwire.com/.

About FormFree:
Leading lenders trust Athens, Georgia-based FormFree to deliver automated verification solutions that streamline the loan origination process and provide better intelligence on borrowers' ability to repay. FormFree's flagship app, AccountChek(TM), eliminates the hassle of collecting paper statements from borrowers by using direct-access data untouched by human hands to consolidate, analyze and verify assets. Lender tested and GSE approved, AccountChek securely delivers automated asset verification data and on-demand reports to more than 200 leading U.S. lenders and their millions of customers. FormFree was named one of American Banker magazine's "Top 10 Tech Companies to Watch" in 2015.

For more information, visit http://www.formfree.com/.

About HousingWire:
HousingWire is the nation's most influential industry news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments, and real estate operations. The company's news, commentary, magazine content, industry directories, and events give more than one million industry professionals each year the insight they need to make better, more informed business decisions. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B2B Banking/Business/Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International.

Learn more at http://www.housingwire.com.

FormFree Holdings Corp. today announced that it has been named to HousingWire's 2017 HW TECH100 list of the most innovative technology companies in mortgage finance and real estate for the fourth year in a row. FormFree has been featured in the TECH100 list since 2014, when the company also won a special category prize for most unique solution.

FormFree Voted Among ‘Best in Show’ at Digital Mortgage Conference

ATLANTA, Ga. /ScoopCloud/ -- FormFree today announced it was selected as one of the top demos of the inaugural Digital Mortgage Conference, presented by National Mortgage News and held December 8-9, 2016, in San Francisco.

After walking attendees through a live demo of AccountChek(TM), part of Fannie Mae's Day 1 Certainty(TM) initiative via the Desktop Underwriter(R) (DU(R)) Validation Service, FormFree executives offered a glimpse of the company's next project - a comprehensive service for asset, income, identity and employment verification called Passport.

"So much emphasis has been placed on taking the mortgage closing process digital, but there are other borrower-facing aspects of the loan origination process that could use an injection of automation," said Brent Chandler, CEO and founder of FormFree. "By extracting paper from the verification process through automated solutions like AccountChek and, one day soon, Passport, lenders are putting themselves that much closer to realizing a fully digital mortgage transaction."

Conference attendees were asked to vote for the demo they found most successful after each round of presentations. From there, all session winners were entered into a final round of voting to be named "Best in Show."

To see recorded footage of FormFree's demo, visit http://www.nationalmortgagenews.com/conferences/digitalmortgage/formfree.html.

About FormFree:

Leading lenders trust Athens, Georgia-based FormFree to deliver automated verification solutions that streamline the loan origination process and provide better intelligence on borrowers' ability to repay. FormFree's flagship app, AccountChek(TM), eliminates the hassle of collecting paper statements from borrowers by using direct-access data untouched by human hands to consolidate, analyze and verify assets. Lender tested and GSE approved, AccountChek securely delivers automated asset verification data and on-demand reports to more than 200 leading U.S. lenders and their millions of customers. FormFree was named one of American Banker magazine's "Top 10 Tech Companies to Watch" in 2015.

For more information, visit http://www.formfree.com/.

FormFree today announced it was selected as one of the top demos of the inaugural Digital Mortgage Conference, presented by National Mortgage News and held December 8-9, 2016, in San Francisco.

Rate Reset Chooses AccountChek by FormFree for Automated Verification of Borrower Ability to Repay

ATLANTA, Ga. /ScoopCloud/ -- FormFree today announced that Rate Reset, the world leader in automated loan retention and acquisition software, has selected AccountChek(TM) by FormFree as its technology provider for automated asset verification. AccountChek helps financial institutions determine in just seconds the ability of customers to pay back loans, without the hassle of collecting bank statements or other asset documents.

"AccountChek has been instrumental in Rate Reset's evolution from a provider of automated loan retention software to a full-service digital loan solution," said Keith Kelly, CEO and co-founder of Rate Reset. "In a matter of minutes, consumers can change the terms of an existing loan to better fit their budget or pre-qualify for a new loan, all without stopping to collect paperwork."

The Virginia-based company's flagship product, Rate Reset, helps portfolio lenders retain more loans by letting borrowers easily reset their adjustable rate home, auto and personal loans online. Rate Reset also offers solutions to assist lenders with loan acquisition and generation. All of the company's products are now integrated with AccountChek for fast, paperless verification of borrower ability to repay.

AccountChek is an asset verification service that streamlines the loan underwriting process for both borrowers and lenders, resulting in quicker decisions and higher borrower satisfaction. The cloud-based app uses secure data untouched by human hands to consolidate, analyze and verify assets and deposits from virtually any financial institution, delivering peace of mind and greater purchase certainty for lenders. AccountChek also produces a more fraud-resistant loan process by using secure data sourced directly from the financial institution, eliminating the opportunity for tampering or errors.

"PenFed Credit Union has been partnering with Rate Reset since 2013, with their software residing on our platform," said James Schenck, president and CEO of Pentagon Federal Credit Union (PenFed). "Rate Reset's technology provides our members with such a streamlined process. In some cases members can modify their loans with terms they choose as quickly as 60 seconds."

The third-largest credit union in the United States, PenFed has more than 1.4 million members and holds more than $20 billion in assets.

"The new partnership with AccountChek, owned by FormFree, further strengthens Rate Reset's technology suite," Schenck said. "Using AccountChek, PenFed is enhancing members' experience by minimizing documentation requirements for asset verification. Rate Reset is a trusted partner that continues to develop and deliver impressive digital solutions."

"AccountChek and Rate Reset have a shared focus on making the borrower experience better," said Brent Chandler, CEO and founder of FormFree. "Our partnership represents a win-win for borrowers, who are more empowered than ever to manage their loans on their own terms, and lenders, who can enjoy greater security when it comes to the long-term profitability of their portfolios."

FormFree and Rate Reset will demonstrate their latest product innovations at the inaugural Digital Mortgage conference in San Francisco December 8-9. To register or learn more, visit http://www.nationalmortgagenews.com/conferences/digitalmortgage/reginfo.html.

About FormFree

Leading lenders trust Athens, Georgia-based FormFree to deliver automated verification solutions that streamline the loan origination process and provide better intelligence on borrowers' ability to repay. FormFree's flagship app, AccountChek(TM), eliminates the hassle of collecting paper statements from borrowers by using direct-access data untouched by human hands to consolidate, analyze and verify assets. Lender tested and GSE approved, AccountChek securely delivers automated asset verification data and on-demand reports to more than 200 leading U.S. lenders and their millions of customers. FormFree was named one of American Banker magazine's "Top 10 Tech Companies to Watch" in 2015.

For more information, visit http://www.formfree.com/.

About Rate Reset:

Rate Reset offers award-winning products that put consumers in control of their loans while protecting the retention interests of lenders. With Rate Reset, customers can reset the terms of an existing home, auto or personal loan to better suite their budget in minutes. The company's LoanGEN and Pre-Approval products make it simple and fast for financial institutions to originate or acquire auto, mortgage, personal and student loans as well as credit cards.

For more information, visit http://www.RateReset.com.

FormFree today announced that Rate Reset, the world leader in automated loan retention and acquisition software, has selected AccountChek(TM) by FormFree as its technology provider for automated asset verification. AccountChek helps financial institutions determine in just seconds the ability of customers to pay back loans, without the hassle of collecting bank statements or other asset documents.