Fannie Mae named AccountChek by FormFree its first designated vendor for asset verification, extending reps and warrants relief to lenders who use AccountChek through Fannie’s Desktop Underwriter Validation Service. Guild Mortgage has chosen its AccountChek asset verification service for automated borrower asset review and decision support. AccountChek eliminates the hassle of collecting bank statements and other asset documents for loans by empowering borrowers to submit their financial data directly to lenders in minutes using a secure app.
Read this commentary as it originally appeared on RobChrisman.com.
