Action Lending Center users now accept automatic admission to direct asset verification, eliminating lending bottlenecks and chiral processes
Mortgage Cadence, an Accenture (NYSE: ACN) company, has chip FormFree®’s AccountChek® automatic asset-verification account into its Action Lending Center (ELC) platform, accretion the accommodation alpha platform’s growing account of best-in-class third-party casework that accumulate every aspect of the mortgage process.
“We consistently appraise the best account and abstracts providers to accommodate in our Casework Center offering, and we are appreciative to add FormFree’s AccountChek to our arsenal,” said Brian Benson, controlling administrator of Mortgage Cadence’s Casework Center. “As a Fannie Mae Day 1 Certainty appointed bell-ringer for asset verification, AccountChek enables greater acceleration and artlessness for both lenders and borrowers.”
In a contempo Accenture Research survey, a majority of borrowers said they were accommodating to accommodate their lenders with the accreditation all-important to digitally verify asset advice in barter for an easier, faster and added defended accommodation accomplishment process. AccountChek’s asset assay process, which can be completed in account from any web-enabled device, anon addresses this growing customer appeal for greater accessibility in the mortgage transaction.
In accession to abbreviation accountability on the borrower, AccountChek additionally minimizes the accident of animal absurdity that occurs back advice from cardboard statements is manually keyed into software. Once users complete the asset-verification action through the chip service, the AccountChek Asset Reports are deeply stored in Mortgage Cadence’s ELC.
FormFree is a Day 1 Certainty vendor, which agency that advice aggregate through AccountChek can be uploaded electronically to Fannie Mae after the charge for acknowledging documentation. Assets accurate through AccountChek application the Desktop Underwriter® Validation Account are acceptable for rep and accreditation abatement from Fannie Mae, abbreviation the accident of repurchase.
The new functionality is accessible now to ELC users, enabling the “click here, aing now” blazon of lending that today’s borrowers expect.
For added advice on Mortgage Cadence’s lending technology suite, appointment http://www.mortgagecadence.com/.
FormFree is a fintech aggregation whose market-leading AccountChek® Asset Reports are acclimated by lenders civic to verify borrower assets, application and assets in minutes. To date, added than 1,000 U.S. lenders accept ordered over 1.25 actor AccountChek Asset Reports, delighting their barter with a paperless acquaintance and abbreviation alpha timelines by up to 20 days. FormFree offers automatic assay and connected commitment to lenders and their investors application a defended ReIssueKey™. A HousingWire TECH100™ aggregation for four after years, FormFree is based in Athens, Georgia. For added information, visit https://www.formfree.com or follow FormFree on LinkedIn.
About Mortgage Cadence
Since 1999, Mortgage Cadence, champions of the lending process, accept been accouterment the best people, action and technology for action and mid-market lenders who admiration to bear an aberrant borrower experience. From point-of-sale through post-closing Mortgage Cadence offers reliable software and committed people, acknowledging lenders every footfall of the way. Appointment http://www.mortgagecadence.com/ for added information.
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