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Automated verification provider FormFree, Athens, Ga., announced its AccountChek asset verification service will integrate with LoanSphere Exchange Digital, a centralized application programming interface marketplace for the mortgage industry. LoanSphere Exchange Digital is offered by Black Knight Inc., a provider of integrated software, data and analytics to the mortgage and real estate industries.
AccountChek enables borrowers to demonstrate their ability to repay mortgage loans by sharing financial data directly with lenders instead of mailing, faxing or emailing traditional asset account statements. Borrowers can complete the secure asset verification process in minutes from any web-enabled device. LoanSphere Exchange Digital enables lenders to access data, products and services they need to create a complete omni-channel consumer experience during origination and servicing of loans. Lenders will be able to access AccountChek and other FormFree services through LoanSphere Exchange Digital to support enhanced loan quality, help minimize repurchase risk and drive efficiencies in the mortgage transaction.