Fresh on the heels of announcing new partnerships with Equifax, Veri-Tax, and UPF Services, Sunday night in Washington D.C. FormFree was named winner of the 2013 Mortgage Technology Fix-It Award.
Held during the Mortgage Bankers Association’s 100th Annual Convention and Expo, the awards event was sponsored by Mortgage Technology magazine. The Fix-It Award category “recognizes technology that provides an effective solution to a specific industry problem, need or channel.
Valuation Review broke the story on their site.
FormFree’s flagship AccountChek has verified over 250 million dollars in paperless, instant, and secure verifications of deposits and assets (VODA).
Accepting the award on behalf of team FormFree was Founder and CEO Brent Chandler:
This is a cause we strongly believe in. Being recognized for this commitment with one of our industry’s most prestigious awards is both an honor and a thrill. I’m grateful to the entire FormFree team and to our growing number of partners, customers, and fans who helped make it happen.
AccountChek is the industry-leading solution for digitally verifying a borrower’s ability to pay back loans. The Ability to Repay is a key component of the Dodd-Frank Wall Street Reform and Consumer Protection Act, as the lack of such verification contributed to the 2007 housing crisis.
Chandler and the rest of Team FormFree were up for the challenge. “We launched AccountChek because we knew that determining the borrower’s ability to pay was a major industry challenge.” FormFree considers this requirement to fall under its trademarked “Ability to Pay,” or “ATP,” strategy.
Moving forward, FormFree will continue to bring its award-winning solution to lenders and borrowers everywhere, helping save time, reduce fraud, and eliminate the need for paper bank statements forever.
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