Our Products

AccountChek is a fully automated verification of deposit (VOD) solution that provides real-time verification and analysis of borrower's bank statements pulled electronically directly from the borrower's financial institution. AccountChek is designed as a comprehensive financial reporting solution that analyzes borrower's financial account activity in real-time and reports transactions indicative of mortgage fraud. With AccountChek, loan originators can electronically verify and monitor borrower bank accounts and transactions for up-to-date, reliable, and accurate financial information.

AccountChek is a fast and easy way for originators to get the up-to-date, reliable, and accurate bank account information they need from borrowers for comprehensive loan underwriting and approval.

Features

1. Electronic access to transaction detail information for borrower's accounts

2. Comprehensive account verification reports including employer deposits

3. Historical and real-time account analysis

4. Access to pending and completed orders

5. Monitor multiple accounts and account types

6. Access to more than 11,000 financial institutions including insurance and investment firms

7. Automatic notification and reminders to borrower to complete authorization process

8. A range of account monitoring options

9. Notification of unusual activity including multiple loan applications on a single account

• Benefits

  1. Saves time and money with automated bank statement review and analysis

  2. Reduces borrower documentation burden

  3. Detects mortgage fraud in real-time

  4. Expedites the underwriting process
  

  5. Enhances credit lending risk management