{"id":92791,"date":"2023-08-22T07:01:06","date_gmt":"2023-08-22T11:01:06","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=92791"},"modified":"2023-08-22T11:14:01","modified_gmt":"2023-08-22T15:14:01","slug":"formfree-joins-acuma-as-an-affiliate-member","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/formfree-joins-acuma-as-an-affiliate-member\/","title":{"rendered":"FormFree joins ACUMA as an affiliate member"},"content":{"rendered":"

ATHENS, Ga., Aug. 22, 2023 (SEND2PRESS NEWSWIRE) — FormFree<\/a>\u00ae today announced it has joined the American Credit Union Mortgage Association (ACUMA) as an affiliate member. Through its membership, FormFree aims to help credit unions provide more inclusive pathways to homeownership by introducing them to residual income analytics, a methodology for gaining enhanced insight into borrowers\u2019 ability to repay loans.<\/p>\n

\"FORMFREE\"
Image Caption: FormFree.<\/em><\/p>\n

FormFree develops cutting-edge technology that helps lenders better understand credit risk, particularly for historically underserved borrowers that have no credit history, thin credit files and lower credit scores. Passport\u00ae enables borrowers to share their Financial DNA with lenders, which is comprised of consumers\u2019 direct-source financial data. FormFree\u2019s patent-pending Residual Knowledge Income Index™ (RIKI™) enables lenders to assess consumer creditworthiness with an innovative combination of cashflow and residual income analysis \u2014 methodologies that support more inclusive credit decisions.<\/p>\n

\u201cCredit unions play an important role in helping the communities they serve to build wealth and buy homes,\u201d said FormFree CEO Brent Chandler. \u201cIt is my hope that joining ACUMA will allow us to enable credit unions to extend financing to more creditworthy members by gaining a deeper understanding of their true ability to pay.\u201d<\/p>\n

ACUMA is an organization dedicated to helping credit unions optimize their real estate financing services. ACUMA member organizations include federal- and state-chartered credit unions and Credit Union Service Organizations (CUSOs), mortgage insurance companies, secondary market investors and investment banking firms and mortgage technology firms.<\/p>\n

\u201cOur organization serves as a vital resource in creating opportunities for credit union professionals and their primary suppliers to network, share knowledge, build relationships and grow market share,\u201d said ACUMA President Peter J. Benjamin, CMB. \u201cWe are delighted to introduce an extra asset to our members and extend a warm welcome to FormFree.\u201d<\/p>\n

About FormFree\u00ae:<\/strong><\/p>\n

FormFree helps lenders understand credit risk like never before with its patented Passport\u00ae product, which opens doors to more inclusive credit decisioning by revealing each customer\u2019s true ability to pay (ATP\u00ae), and patent-pending Residual Knowledge Income Index™ (RIKI™), an innovative method for evaluating consumer creditworthiness based on residual income analysis. For more information, visit https:\/\/www.formfree.com\/<\/a> or follow FormFree on LinkedIn<\/a>.<\/p>\n

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

The American Credit Union Mortgage Association is a not-for-profit trade association dedicated to credit unions and mortgage lending. ACUMA provides resources and education to credit unions aimed at streamlining performance, processes, and procedures for real estate lending services. ACUMA\u2019s goal is to encourage credit unions to help more consumers get fairly priced and safe mortgage loans delivered locally, and in so doing, provide them with a pathway to the American dream of home ownership. ACUMA brings together the shared real estate lending and financing interests of hundreds of credit unions and CUSOs. ACUMA member organizations include federal and state charted credit unions and CUSO, mortgage insurance companies, secondary market investors, investment banking firms, and technology companies. Visit ACUMA\u2019s website at https:\/\/acuma.org\/<\/a> for more information.<\/p>\n

Twitter: @RealFormFree @ACUMACommunity #mortgage #creditunion #fintech #digitalmortgage #CU<\/p>\n","protected":false},"excerpt":{"rendered":"

ATHENS, Ga., Aug. 22, 2023 (SEND2PRESS NEWSWIRE) — FormFree today announced it has joined the American Credit Union Mortgage Association (ACUMA) as an affiliate member. Through its membership, FormFree aims to help credit unions provide more inclusive pathways to homeownership by introducing them to residual income analytics, a methodology for gaining enhanced insight into borrowers’ ability to repay loans.<\/p>\n","protected":false},"author":72,"featured_media":79159,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,12804,14409,1,20027,38,10711,123,5],"tags":[9336,19476,205],"class_list":["post-92791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-ap","category-athens-business","category-business-news","category-credit-union","category-finance-news","category-fintech","category-georgia-news","category-technology-news","tag-american-credit-union-mortgage-association","tag-credit-union-service-organizations","tag-depthpr","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":3470,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/92791","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=92791"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/92791\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/79159"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=92791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=92791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=92791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}