ATHENS, Ga., Nov 06, 2017 (SEND2PRESS NEWSWIRE)– FormFree(R) today announced it has actually gone into a partnership with SimpleNexus, a leader in bringing the home mortgage procedure to mobile phones. The integration of the two business’ technologies will make FormFree’s AccountChek(R) automated verification service for asset, employment and earnings a seamless part of the loan application experience for debtors making an application for a loan using SimpleNexus’ mobile innovation.
“Teaming up with SimpleNexus lets us put AccountChek into the hands of debtors previously in the loan application. Whether the borrower or the loan officer initiates the confirmation of properties, work and earnings, FormFree makes this new technique to sharing information feel natural and simple and easy,” said FormFree Creator and CEO Brent Chandler.
FormFree was the very first property verification provider authorized for participation in Fannie Mae’s Day 1 Certainty(TM) effort, which gives lenders who use the Desktop Underwriter(R) (DU(R)) Recognition Service reps and warrants relief for validated loan parts while delivering a much faster and simplified customer experience. FormFree is also a key participant in Fannie Mae’s ongoing Single Source Validation pilot, which could permit home loan lending institutions to validate debtor income, property and work data through a single report as early as 2018.
“With this combination, debtors can quickly validate their possessions, work and income from within the exact same secure, familiar mobile environment they’ll utilize for the whole loan process,” said SimpleNexus CEO Matt Hansen. “For home loan lenders, the value is twofold: we’re bringing FormFree’s best-in-class property verification into a top quality area their customers trust, and we’re making it easier for lending institutions to use the lots of advantages of Fannie Mae’s Day 1 Certainty effort.”
SimpleNexus provides private-label mobile apps that link home loan lenders with customers and property representatives, permitting all parties to easily exchange data and files throughout the lifecycle of a home mortgage loan.
FormFree is a fintech business whose market-leading AccountChek(R), reports are utilized by numerous lending institutions nationwide to confirm borrower assets, employment and earnings in minutes. With FormFree, lenders can delight clients with a paperless experience and reduce origination timelines by up to 20 days. FormFree provides automated analysis and standardized shipment to lending institutions and their investors using a protected ReIssueKey(TM). To this day, AccountChek has actually securely placed more than one million asset reports for over 1,000 U.S. lending institutions. A HousingWire TECH100(TM) company for 4 successive years, FormFree is based in Athens, Georgia. For more details, go to https://formfree.com or follow FormFree on LinkedIn.
SimpleNexus is a leading supplier of totally tailored mobile solutions that bridge the space between home mortgage loan pioneers, real estate experts and debtors. SimpleNexus is the only mobile technology service provider in the market to incorporate a SOC-2 certified mobile scanner for secure, paperless document sharing and offers its cutting edge mobile technology to a broad array of home loan corporations and branches as well as individual loan officers. Today, SimpleNexus serves more than 150 enterprise home mortgage business and more than 12,000 loan officers nationwide. For more information, visit https://simplenexus.com.
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News Source: FormFree
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