On November 15th, 2014, American Banker named FormFree to their list of Top 10 Tech Companies to watch for 2015. To identify the fintech startups deserving of special recognition this year, a team of American Banker editors, BAI staff and consultant Jeanne Capachin debated the merits of self-nominees and companies we know.
What it does: Provides mortgage lenders with real-time connections to borrowers’ bank accounts. It can be used to streamline mortgage lending and the collection of documents while weeding out borrowers who try to game the system (for instance, by temporarily inflating assets when applying for a loan).
Why we chose it: The technology is timely as Fannie Mae, Freddie Mac and the FHA prod lenders to minimize defects in the loans they deliver.