Equifax and FormFree have created an alliance and are currently exploring options for FormFree to provide asset verification services concurrently with Equifax’s provision of employment and income verification services. Equifax and FormFree are discussing the development of integration points for lenders to access the asset, employment and income information. It is expected that Equifax will enable lenders to easily order this information through a web-based platform. The provision of asset, employment and income information may help eliminate the need for many borrowers to collect, copy and submit paper statements. Additional details regarding the alliance between FormFree and Equifax will be made available in the future.
Read this commentary as it originally appeared on RobChrisman.com.
