Guaranteed Rate partners with FormFree, cuts loan closing times by 5-10 days (HousingWire.com)

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Guaranteed Rate and FormFree announced Tuesday that Guaranteed Rate is now closing mortgages between five and 10 days faster than its previous average thanks to the company’s adoption of FormFree’s AccountChek automated asset verification system.

Through the partnership, Guaranteed Rate clients can securely link to their banking, retirement and investment accounts and share the asset and deposit data needed to qualify for a loan.

That process saves the borrower some time on the front end, but the big benefit comes in shortening the closing time for a loan, according to Nikolaos Athanasiou, chief operating officer at Guaranteed Rate.

Read the full article as it appears in HousingWire.