{"id":64287,"date":"2020-10-06T06:55:46","date_gmt":"2020-10-06T10:55:46","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=64287"},"modified":"2020-10-05T19:20:40","modified_gmt":"2020-10-05T23:20:40","slug":"formfree-enhances-encompass-consumer-connect-integration-with-auto-population-of-borrower-data-into-1003-loan-application","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/formfree-enhances-encompass-consumer-connect-integration-with-auto-population-of-borrower-data-into-1003-loan-application\/","title":{"rendered":"FormFree Enhances Encompass Consumer Connect\u00ae Integration with Auto-Population of Borrower Data into 1003 Loan Application"},"content":{"rendered":"

ATHENS, Ga., Oct. 6, 2020 (SEND2PRESS NEWSWIRE) — FormFree<\/a>\u00ae today announced enhancements to the integration between its AccountChek\u00ae verification service and Encompass Consumer Connect\u00ae. Now, borrower data collected by AccountChek in Consumer Connect will automatically map to the Form 1003 (the Universal Residential Loan Application) in the Ellie Mae\u00ae Digital Lending Platform, saving lenders time and relieving them of the frustration and risk associated with manual data entry.<\/p>\n

\"FORMFREE\"<\/em><\/p>\n

The upgrade also fully embeds AccountChek within the Consumer Connect user experience (UX) for easier borrower navigation and reduced application fall-out.<\/p>\n

Ellie Mae, now a part of Intercontinental Exchange, Inc. (NYSE: ICE), is the leading cloud-based platform provider for the mortgage finance industry. The company\u2019s Consumer Connect is a mortgage point-of-sale platform that provides a scalable, intuitive experience for homebuyers while helping lenders close loans faster and convert more applications to closed loans.<\/p>\n

FormFree\u2019s patented AccountChek and AccountChek Plus™ provide lenders actionable intelligence on borrowers\u2019 ability to repay loans by consolidating, analyzing and verifying asset account balances and details, employment data and income data obtained directly from financial institutions and other authoritative sources.<\/p>\n

\u201cFormFree expedites pre-approvals and increases loan pull-through by paperlessly verifying borrower asset, employment and income information in a single report at the point of sale,\u201d said FormFree Chief Technology Officer Brian Francis. \u201cThe latest enhancements to our Consumer Connect integration will make it easier and faster than ever for lenders to make informed credit decisions.\u201d<\/p>\n

\u201cAs an Ellie Mae Consumer Connect user, we are excited about the recent enhancement to the AccountChek process.\u00a0The enhanced integration means an easier application process, which supports our objective to continuously improve the member experience,\u201d said Dawana Manning, AVP of Loan Fulfillment, Residential Lending for Atlanta-based Delta Community Credit Union<\/a>. \u201cThe increased efficiency gained by the automated addition of VOA [verification of asset] data to the loan application is a huge benefit to our lending team.\u201d<\/p>\n

About FormFree:<\/strong><\/p>\n

FormFree is a market-leading fintech company whose revolutionary products AccountChek 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™.<\/p>\n

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

Twitter: @RealFormFree @EllieMaeInc @DeltaCommunity #ConsumerConnect #mortgageindustry #VOA<\/p>\n

*LOGO link for Media: https:\/\/www.Send2Press.com\/300dpi\/17-0926s2p-formfree-300dpi.jpg<\/a><\/p>\n

Ticker: NYSE:ICE \/ NY: ICE<\/p>\n","protected":false},"excerpt":{"rendered":"

ATHENS, Ga., Oct. 6, 2020 (SEND2PRESS NEWSWIRE) — FormFree today announced enhancements to the integration between its AccountChek verification service and Encompass Consumer Connect. Now, borrower data collected by AccountChek in Consumer Connect will automatically map to the Form 1003 (the Universal Residential Loan Application) in the Ellie Mae Digital Lending Platform, saving lenders time and relieving them of the frustration and risk associated with manual data entry.<\/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":[39,12804,14409,1,38,10711,123,99,6,5],"tags":[205,14411,10868,14410,13868],"class_list":["post-64287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-ap","category-athens-business","category-business-news","category-finance-news","category-fintech","category-georgia-news","category-public-company-news","category-software-news","category-technology-news","tag-depthpr","tag-digital-lending-platform","tag-ellie-mae-encompass","tag-intercontinental-exchange-inc","tag-nyse-ice","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":3480,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/64287","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=64287"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/64287\/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=64287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=64287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=64287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}