Mortgage Financial Services Picks AccountChek By FormFree To Accelerate The House Loan Process Through …November 6, 2016 - Author: Bradley
ATLANTA, Ga., Aug. 25, 2016 (SEND2PRESS NEWSWIRE) FormFree Holdings Corp. (FormFree), a provider of automated verification software, today announced that Mortgage Financial Providers has actually chosen AccountChek(TM) to automate borrower possession review for a simpler, quicker homemortgage application process.
AccountChek enables loan providers to buy, analyze and accredit a customer’s financial data in minutes utilizing a safe and secure, web-based platform, getting rid of the need for customers to gather, copy and send paper statements. Automated possession verification improves the home mortgage underwriting process for both borrowers and lenders, leading to quicker decisions and higher customer satisfaction. By removing paper statements in favor of direct-source information, AccountChek likewise produces a more fraud-resistant loan process.
Mortgage Financial Services is a Texas-based home loan lender that has seen considerable growth over the last 12 months, adding 16 branch workplaces and more than 150 workers. The company was just recently named to the 2016 Inc. 5000 list, which ranks the fastest-growing personal corporations in America.
“At Mortgage Financial Providers, we are committed to creating a better home-buying experience for the customer by striking the right balance in between innovation and human touch,” stated John H. P. Hudson, vice president of Mortgage Financial Services. “AccountChek exhibits this effort. It’s simple to use and conserves borrowers effort and time. Plus, with numerous banks still charging $25 for a verification of deposit, AccountChek is quicker and more affordable for loan providers than the option.”
According to Hudson, AccountChek assists lending institutions and debtors avoid unforeseen hiccups in the possession verification procedure. For instance, consumers frequently throw away blank pages included with their monthly bank statements, however lending institutions can’t utilize statements to validate debtor possessions unless all pages are undamaged. At other times, borrowers needhave to reveal proof of a current payroll deposit that hasn’t appeared on a bank statement yet.
“AccountChek improves the customer experience and accelerates the homemortgage process by providing updated asset confirmation immediately,” said Hudson. “That could imply sparing a consumer the stress of browsinglooking for missing pages. It could likewise suggest the difference between closing today or closing 3 days from now.”
“When it comes to mortgage deals, time lost is cash lost– for both the lender and the customer,” stated Brent Chandler, CEO and creator of FormFree. “Confirming a borrower’s ability to repay is a critical element of the loan origination process– one we’re delighted to make faster, much easier and more protected for Home mortgage Financial Services and its customers.”
Leading loan providers trust FormFree Holdings Corp. to deliver automated verification options that increase loan closing speed and draw more insight from a customer’s monetary details. FormFree was called one of American Banker magazine’s “Leading 10 Tech Companies to View” in 2015. Its flagship product, AccountChek(TM), is the only trademarked third-party property verification option authorized by GSEs and leading investors to provide automated possession confirmation information and reports. The AccountChek option combines, evaluates and verifies possessions straight from their source, then uses countless proprietary algorithms to create possession reports on needas needed. More than 200 leading loan providers offer AccountChek to their countless customers in the United States. FormFree is headquartered in Atlanta, Georgia.
For more infoTo learn more, check out http://www.formfree.com/.
About Home mortgage Financial Providers:
Home mortgage Financial Solutions (MFS) was established in Baton Rouge, Louisiana, in 2001. Committed to ending up being a top-20 home loan company, MFS has included 16 branches given that June 2015. Ranked # 722 on the Inc. 5000 list of America’s fastest-growing private companies and called a Top 100 Employer (Leading 10 in the Southwest) by National Home loan Specialist publication, MFS delivers the items, rate and service property buyers should have. MFS (NMLS # 43021) is an equivalent housing lender based in Flower Mound, Texas.
For more detailsTo learn more, see http://www.mortgagefinancial.com.
News Source: FormFree Holdings Corp.
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