{"id":76399,"date":"2021-11-01T06:55:03","date_gmt":"2021-11-01T10:55:03","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=76399"},"modified":"2021-10-29T19:30:14","modified_gmt":"2021-10-29T23:30:14","slug":"formfree-integration-with-openclose-enhances-lending-experience-with-quick-and-easy-borrower-permissioned-data-verification","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/formfree-integration-with-openclose-enhances-lending-experience-with-quick-and-easy-borrower-permissioned-data-verification\/","title":{"rendered":"FormFree integration with OpenClose enhances lending experience with quick and easy borrower-permissioned data verification"},"content":{"rendered":"

ATHENS, Ga., Nov. 1, 2021 (SEND2PRESS NEWSWIRE) — FormFree<\/a>\u00ae Founder and CEO Brent Chandler today announced the availability of its AccountChek\u00ae financial data verification service within OpenClose\u00ae, the leading fintech provider of mortgage software solutions for banks, credit unions and mortgage lenders. The integration embeds AccountChek into OpenClose\u2019s ConsumerAssist™ Enterprise POS and LenderAssist™ LOS, giving borrowers the freedom to electronically permission verification data with ease when applying for a mortgage loan.<\/p>\n

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

AccountChek streamlines the lending process by empowering borrowers to electronically permission financial account and payroll data, thereby enabling lenders to verify asset, income, employment and rental history in a combined, underwriter-friendly report. By integrating AccountChek with OpenClose\u2019s lending solutions, lenders can delight borrowers with a modern, paperless lending experience while expediting time-to-close, reducing loan production costs and mitigating the risk of fraud.<\/p>\n

FormFree\u2019s AccountChek verification of asset (VOA) reports are eligible for representations and warranty relief when assets are validated through Fannie Mae\u2019s\u00ae Desktop Underwriter\u00ae (DU\u00ae) validation service and Freddie Mac\u2019s Asset and Income Modeler (AIM). Additionally, FormFree\u2019s VOA reports can be used to leverage DU\u2019s \u201cpositive rent payment history\u201d feature \u2014 which is designed to extend sustainable homeownership opportunities to renters with little or no credit history \u2014 without disrupting lender workflows.<\/p>\n

\u201cOpenClose\u2019s rapid market expansion made partnering with them a must,\u201d said FormFree Founder and CEO Brent Chandler. \u201cOur goal is to make the process and user experience benefits of direct-source borrower-permissioned data verification available to every lender and broker originating mortgage loans.\u201d<\/p>\n

\u201cWe are proud to offer our lender customers a more unified borrower experience and improved operational efficiency through AccountChek\u2019s integration with our full suite of origination solutions,\u201d said OpenClose CEO and CTO Jason Regalbuto. \u201cOur partnership with FormFree eliminates a bottleneck in the origination process for many lenders, freeing them to enjoy the immediate ROI of faster turn times, greater repurchase certainty and happier customers.\u201d<\/p>\n

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

FormFree\u00ae is a market-leading fintech company whose revolutionary products AccountChek\u00ae and Passport\u00ae make for a more inclusive credit decisioning landscape by enabling lenders to understand people\u2019s true ability to pay (ATP\u00ae). Its vision is to leverage source data and data-driven intelligence to usher in a new era of transparent, fair and liquid credit markets. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree\u2019s patented verification reports representing trillions of dollars in loan verifications.<\/p>\n

FormFree delights borrowers and lenders with a paperless experience, dramatically reduces origination timelines and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey\u00ae. For more information, visit https:\/\/www.formfree.com\/<\/a> or follow FormFree on LinkedIn<\/a>.<\/p>\n

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

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

Founded in 1999, OpenClose is the preeminent fintech provider that developed the mortgage banking industry\u2019s first SaaS-based lending automation software platform. Today, the company has expanded to become an award-winning, comprehensive loan origination software suite that slashes the cost to manufacture loans by up to 40 percent, reduces processing and underwriting cycle times by up to 50 percent, and requires minimal support to install and manage.<\/p>\n

OpenClose is the only vendor in the industry able to offer a true end-to-end, omni-channel, 100 percent browser-based, workflow-driven platform that effectively consolidates the digital POS, LOS, PPE and BI functions via a single provider, with easy access from any browser or mobile device. For more information, visit https:\/\/www.openclose.com<\/a>.<\/p>\n

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

ATHENS, Ga., Nov. 1, 2021 (SEND2PRESS NEWSWIRE) — FormFree® Founder and CEO Brent Chandler today announced the availability of its AccountChek® financial data verification service within OpenClose®, the leading fintech provider of mortgage software solutions for banks, credit unions and mortgage lenders. The integration embeds AccountChek into OpenClose’s ConsumerAssist(tm) Enterprise POS and LenderAssist(tm) LOS, giving borrowers the freedom to electronically permission verification data with ease when applying for a mortgage loan.<\/p>\n","protected":false},"author":72,"featured_media":66885,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,755,12804,14409,1,38,10711,123,6,5],"tags":[205,9067,429],"class_list":["post-76399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-alliances-news","category-ap","category-athens-business","category-business-news","category-finance-news","category-fintech","category-georgia-news","category-software-news","category-technology-news","tag-depthpr","tag-digital-mortgage","tag-loan-origination-system","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":3357,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/76399","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=76399"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/76399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/66885"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=76399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=76399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=76399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}