FormFree® today announced its expanded partnership with Envestnet® | Yodlee® (NYSE: ENV), a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. By leveraging Envestnet | Yodlee Risk Insight Solutions, FormFree will have access to new data points that help to reinforce its position as provider of the most complete and reliable asset, employment and income verification reports in the mortgage industry.
The Envestnet | Yodlee Risk Insight Solutions deliver reports designed to provide insight into a consumer’s holistic financial picture, utilizing aggregated data from over 16,000 sources, including banking, investment, loan and credit card information. This comprehensive data allows FormFree to enhance its AccountChek™ reports with bank statement copies that meet Federal Housing Administration (FHA) requirements. The data will also enable FormFree to fine-tune its analysis of borrower ability to pay with thousands of new rules.
Read full coverage on National Mortgage News.