FormFree announced that its AccountChek® automated asset verification reports meet all underwriting guidelines established by the U.S. Department of Veterans Affairs. The announcement follows the VA’s December 29, 2017, release of Circular 26-17-43, a response to increasing lender interest in automated verification of borrower assets for VA loans. The circular clarifies that the VA permits lender use of third-party providers for automated asset, income and employment verification.
Read this commentary as it originally appeared in Rob Chrisman’s Daily Mortgage News & Commentary.
