CrossCountry Mortgage, Inc., an innovative mortgage banker that uses web-based tools to facilitate a streamlined loan process, is one step closer to fully paperless loans. Crosscountry has entered into an agreement with FormFree to use AccountChek, the mortgage industry’s leading automated solution for verification of deposit and asset (VODA). AccountChek will enable the company to more rapidly close loans and move closer to creating a totally paperless loan process.
“We believe that customer service and the overall customer experience is paramount in the loan process.”
– Ronald J. Leonhardt, CEO, Crosscountry
Why AccountChek?
Used by mortgage lenders and other providers of consumer credit, CrossCounty was immediately attracted to AccountChek as the only technology on the market that automates the verification of a borrower’s deposits and assets in the loan process. Recently the winner of the 2013 Mortgage Technology Fix-It Award, AccountChek provides instant digital statements from more than 15,000 financial institutions to help meet Dodd-Frank Ability-to-Repay requirements.
“We believe that customer service and the overall customer experience is paramount in the loan process. Utilizing the AccountChek service will help us to continue to deliver on that commitment by providing efficient service and reducing the time to close,” said Ronald J. Leonhardt, Jr., founder and CEO of CrossCountry Mortgage, Inc.
“We’re thrilled to be supporting CrossCountry Mortgage’s commitment to customer service as well helping them deliver fast and accurate loan files through ACCOUNTCHEK,” said FORMFREE Founder & CEO Brent Chandler. “We look forward to a long and productive relationship.”
How Does AccountChek Work?
AccountChek delivers VODA reports in minutes through a secure web and mobile portal, eliminating the need for borrowers to submit paper copies of bank statements and investment statements, improving the customer experience while reducing loan file errors, and eliminating the risk of falsified bank statements.
FORMFREE, the creator of ACCOUNTCHEK, was recently named winner of the 2013 Mortgage Technology Fix-It Award for its advancement of fraud prevention and pioneering digital replacements to paper based processes.
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