Fintech company, FormFree, 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.
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 reduces loan processing and underwriting time as well as 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 initiative.
“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 initiating the AccountChek process,” said Brent Chandler, CEO and Founder of FormFree.
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 Tim Nguyen, President, LendingQB. “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.”