Black Knight LoanSphere Archives

ATHENS, Ga. /ScoopCloud/ -- Automated verification provider FormFree(R) today announced that its award-winning AccountChek(R) asset verification service will integrate with LoanSphere Exchange Digital, a centralized application programming interface (API) marketplace for the mortgage industry. LoanSphere Exchange Digital is offered by Black Knight, Inc., a leading provider of integrated software, data and analytics to the mortgage and real estate industries.

FormFree's AccountChek enables borrowers to demonstrate their ability to repay mortgage loans by sharing financial data directly with lenders instead of mailing, faxing or emailing traditional asset account statements. Borrowers can complete the secure asset verification process in minutes from any web-enabled device. The standardized format of AccountChek's digital Asset Report reduces loan processing and underwriting times and allows lenders to close loans days faster.

Black Knight's LoanSphere Exchange Digital enables lenders to more easily access the data, products and services they need to create a complete omni-channel consumer experience during the origination and servicing of loans. Lenders will be able to access AccountChek and other FormFree services through LoanSphere Exchange Digital to support enhanced loan quality, help minimize repurchase risk and drive efficiencies in the mortgage transaction.

"We are proud to put AccountChek's time-tested efficiency and superior borrower experience in the hands of more Black Knight customers," said Brent Chandler, founder and CEO of FormFree. "With LoanSphere Exchange Digital, lenders can order and manage AccountChek Asset Reports without the time and expense of a custom integration."

"We welcome FormFree as our latest LoanSphere Exchange Digital integration provider," said Tom Peterson, president, Lending Solutions division at Black Knight. "Black Knight is committed to enhancing the consumer experience by offering lenders a more cost-effective way to build their digital solutions, and services such as FormFree's AccountChek help us deliver on that commitment."

LoanSphere Exchange Digital integrates with Black Knight's LoanSphere Empower, a loan origination system (LOS) designed for retail, wholesale and consumer-direct lenders, as well as LoanSphere LendingSpace, Black Knight's LOS designed specifically for correspondent lending.

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.

Automated verification provider FormFree today announced that its award-winning AccountChek asset verification service will integrate with LoanSphere Exchange Digital, a centralized application programming interface (API) marketplace for the mortgage industry. LoanSphere Exchange Digital is offered by Black Knight, Inc., a leading provider of integrated software, data and analytics to the mortgage and real estate industries.

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

LANSDALE, Pa. /ScoopCloud/ -- Global DMS, a leading provider of cloud-based valuation management software, announced that it has integrated with Black Knight's LoanSphere Exchange platform, an online, collaborative technology that connects more than 25,000 mortgage industry service and solution providers.

This integration provides a gateway that helps support easy, secure lender access to Global DMS' comprehensive eTrac valuation management platform from their loan origination system (LOS), such as Black Knight's LoanSphere Empower and LoanSphere LendingSpace LOS, which are integrated with LoanSphere Exchange.

Global DMS' integration with LoanSphere Exchange enables lenders to order, check the status in real-time, review and upload completed appraisal files into the LOS. The bi-directional integration streamlines data exchange and facilitates ease of communication between the platforms. This eliminates the re-entry of data from initial ordering through review, thus reducing errors, ensuring compliance, cutting costs and dramatically speeding up the appraisal process.

Black Knight's Exchange technology provides integration, data management, decisioning support and workflow management to facilitate transactions between lenders and their service providers through a single, secure online platform.

"Through this integration, we significantly extend our reach to lenders that use Black Knight technology," said Vladimir Bien-Aime, president and CEO at Global DMS. "As a result of constantly changing legislation and higher origination costs, an increasing number of lenders are looking for an easy, cost-effective way to bring the appraisal function in-house. With Exchange, lenders essentially now have plug-and-play LOS integration to eTrac, which completely supports an in-house appraisal panel model, automates the entire valuation management process, and requires little-to-no IT resources to maintain."

"We are pleased to welcome Global DMS as one of Black Knight's Exchange integration partners in support of our commitment to reduce the time, cost and complexity to originate loans," said Tom Peterson, president, Lending Solutions division at Black Knight. "Mutual clients will be able to access a seamless integration to operate an in-house appraisal group on a national or regional level."

eTrac is a single-source valuation management platform that automates key aspects of the valuation process: vendor management, appraisal ordering, assigning orders, tracking status in real-time, handling accounting functions, appraisal delivery based on lender preferences, reviewing appraisals, and finally selling them via connectivity to the Uniform Collateral Data Portal (UCDP) and Electronic Appraisal Delivery portal. eTrac's configurable workflow engine establishes a smooth, workflow-driven process that removes manual touchpoints. eTrac helps support lender compliance with changing state-based rules, federal laws, the Consumer Financial Protection Bureau (CFPB) and the Dodd-Frank Act.

About Global DMS:
Founded in 1999 and headquartered in Lansdale, Pennsylvania, Global DMS is a leading provider of commercial and residential real estate valuation solutions catering to lenders, servicers, AMCs, appraisers and other real estate entities. The company's solution set is cost effectively delivered on a software-as-a-service (SaaS) transactional basis that ensures compliance adherence, reduces costs, increases efficiencies and expedites the entire real estate appraisal process.

The company's solutions include its eTrac valuation management platform, eTrac WebForms, Global Kinex, AVMs, the MISMO Appraisal Review System (MARS), AMC State Regulations, ATOM (Appraisal Tracking on Mobile), and AMCmatch.com. For more information, visit the company's web site http://www.globaldms.com/ or call (877) 866-2747.

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Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
jbowerbank@profunditymarketing.com
(949) 378-9685

Global DMS, a leading provider of cloud-based valuation management software, announced that it has integrated with Black Knight's LoanSphere Exchange platform, an online, collaborative technology that connects more than 25,000 mortgage industry service and solution providers.

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

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Tag Archives: Black Knight LoanSphere

AccountChek by FormFree Will Integrate with Black Knight’s LoanSphere Exchange Digital Solution

Global DMS Valuation Management Platform is Now Integrated with Black Knight’s LoanSphere Exchange Technology