{"id":53890,"date":"2019-10-29T16:02:18","date_gmt":"2019-10-29T20:02:18","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=53890"},"modified":"2019-10-29T16:02:18","modified_gmt":"2019-10-29T20:02:18","slug":"formfree-adds-paystubs-to-passport-all-in-one-asset-employment-and-income-verification-service","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/formfree-adds-paystubs-to-passport-all-in-one-asset-employment-and-income-verification-service\/","title":{"rendered":"FormFree adds paystubs to Passport all-in-one asset, employment and income verification service"},"content":{"rendered":"

ATHENS, Ga., Oct. 29, 2019 (SEND2PRESS NEWSWIRE) — FormFree<\/a>\u00ae today announced that it has added paystub collection and verification to its Passport™ all-in-one asset, employment and income verification service. The enhancement will be available to FormFree customers, including those who use Passport through one of FormFree\u2019s more than 100 integrations and reseller partnerships, in November.<\/p>\n

\"FORMFREE\"
\nTo use the new feature, loan applicants can grant Passport permission to electronically collect paystub data from supported payroll providers. Alternatively, applicants can submit a photo or upload a PDF or scanned image of their paystub using the Passport verification app.<\/p>\n

In a matter of seconds, FormFree\u2019s analytics engine corroborates the collected payroll data against public and proprietary data sources to verify that the applicant\u2019s stated employer is a valid business with whom the applicant has a verifiable association. At the same time, FormFree compares payroll data against the applicant\u2019s financial assets to confirm the frequency and source of direct deposits and calculate the applicant\u2019s annual net pay and gross income. FormFree then pushes the verified asset, income and employment data directly into lender systems such as digital loan applications, origination software and automated underwriting systems (AUS).<\/p>\n

\u201cPaystub verification is a capability our customers have been anticipating for some time, and it was important to us to get it right,\u201d said FormFree CEO Brent Chandler. \u201cWe\u2019re proud to introduce a solution that stands head and shoulders above anything else in the market.\u201d<\/p>\n

\u201cThe sheer number of data points we\u2019re able to corroborate against paystub data will give lenders and investors a rock-solid understanding of each loan applicant\u2019s assets, income and employment and enable them to make credit decisions with an extremely high level of confidence,\u201d continued Chandler. \u201cBest of all, the new capability will be available to our valued customers through their existing integrations and our APIs \u2014 no additional implementation required.\u201d<\/p>\n

About FormFree\u00ae<\/strong><\/h3>\n

FormFree\u00ae is a market-leading fintech company whose revolutionary products AccountChek\u00ae and Passport™ are changing the credit decisioning landscape and encouraging lenders nationwide to incorporate a more holistic view of each borrower\u2019s financial DNA. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree\u2019s patented verification reports representing over a trillion dollars in loan verifications. FormFree delights borrowers and lenders with a paperless experience, reduces origination timelines by up to 20 days and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey™. A HousingWire TECH100™ company for four consecutive years, FormFree is based in Athens, Georgia.<\/p>\n

For more information, visit https:\/\/www.formfree.com\/<\/a>or follow FormFree on LinkedIn<\/a>.<\/p>\n

Twitter: @RealFormFree #digitalmortgage #Passport #paystubs<\/p>\n","protected":false},"excerpt":{"rendered":"

ATHENS, Ga., Oct. 29, 2019 (SEND2PRESS NEWSWIRE) — FormFree today announced that it has added paystub collection and verification to its Passport(TM) all-in-one asset, employment and income verification service. The enhancement will be available to FormFree customers, including those who use Passport through one of FormFree’s more than 100 integrations and reseller partnerships, in November.<\/p>\n","protected":false},"author":72,"featured_media":31854,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10711,1,80,38,123,39,6,5],"tags":[205,12301],"class_list":["post-53890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","category-business-news","category-employment-news","category-finance-news","category-georgia-news","category-mortgage-news","category-software-news","category-technology-news","tag-depthpr","tag-income-verification-service","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":5237,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/53890","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=53890"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/53890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/31854"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=53890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=53890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=53890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}