![\"FORMFREE\"](\"https:\/\/www.send2press.com\/wire\/images\/17-0522-formfree-600x450.jpg\" "\\"FORMFREE\\"")
\nFannie Mae unveiled its Single Source Validation at the Mortgage Bankers Association\u2019s Annual Convention and Expo in Denver early this afternoon.<\/p>\n
ATHENS, Ga., Oct. 23, 2017 (SEND2PRESS NEWSWIRE) — FormFree\u00ae today announced that it has entered into a pilot with Fannie Mae that could allow mortgage lenders to validate borrower income, asset and employment\u00a0data through a single report as early as 2018.<\/p>\n
\nFannie Mae unveiled its Single Source Validation at the Mortgage Bankers Association\u2019s Annual Convention and Expo in Denver early this afternoon.<\/p>\n
\u201cOne year ago, we celebrated the start of a new era in mortgage lending with Fannie Mae\u2019s introduction of Day 1 Certainty. Today, we take great pride in announcing another milestone in FormFree\u2019s association with Fannie Mae and a huge leap forward for the mortgage lending industry as a whole,\u201d said FormFree Founder and CEO Brent Chandler. \u201cSingle Source Validation will have a transformational effect on driving down the cost and risk of making sound underwriting decisions while making it easier and safer than ever for borrowers to provide the sensitive data required to apply for a mortgage loan.\u201d<\/p>\n
Fannie Mae introduced its landmark Day 1 Certainty\u2122 initiative during the MBA\u2019s 2016 Annual Convention and Expo in Boston last October, naming FormFree its first authorized vendor for asset verification through the Desktop Underwriter\u00ae (DU\u00ae) validation service. Day 1 Certainty offers lenders freedom from reps and warrants for validated components of loans submitted through Fannie Mae\u2019s DU validation service and Collateral Underwriter\u00ae.<\/p>\n
The DU validation service has already demonstrated its ability to help lenders significantly reduce the time and cost of loan origination while delivering a better borrower experience. Currently in testing, Single Source Validation is designed to enhance the DU validation service by allowing lenders to combine three validation steps into one and reduce operational risk associated with managing multiple vendors.<\/p>\n
About FormFree\u00ae:<\/strong> * LOGO:\u00a0Send2Press.com\/300dpi\/17-0926s2p-formfree-300dpi.jpg<\/p>\n","protected":false},"excerpt":{"rendered":" ATHENS, Ga., Oct. 23, 2017 (SEND2PRESS NEWSWIRE) — FormFree(R) today announced that it has entered into a pilot with Fannie Mae that could allow mortgage lenders to validate borrower income, asset and employment data through a single report as early as 2018.<\/p>\n","protected":false},"author":72,"featured_media":25122,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,1,38,123,6,5],"tags":[205,756],"class_list":["post-30207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-business-news","category-finance-news","category-georgia-news","category-software-news","category-technology-news","tag-depthpr","tag-fannie-mae","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":9025,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/30207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/72"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=30207"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/30207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/25122"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=30207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=30207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=30207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nLeading lenders trust FormFree\u2019s automated verification solutions to streamline the lending process and provide better intelligence on borrowers\u2019 ability to pay. FormFree\u2019s flagship app, AccountChek\u00ae, eliminates the hassle of gathering asset documents for loans by letting consumers transmit their online banking, retirement and investment account data for automated analysis and standardized delivery to lenders and their investors using FormFree\u2019s secure ReIssueKey\u2122. To date, AccountChek has received more than one million asset report orders from over 1,000 U.S. lenders. A HousingWire <\/i><\/em>TECH100\u2122 company for four consecutive years, FormFree is based in Athens, Georgia. For more information, visit http:\/\/www.formfree.com<\/a> or follow FormFree on LinkedIn<\/a>.<\/p>\n