All-digital verification is now a thing
The move toward digital lending appears officially unstoppable as FormFree Holdings just received a patent for AccountChek, the world’s first automated asset verification system for the lending industry.
The move follows the recent development that government-backed mortgage bond issuer Ginnie Mae is going all digital very soon.
FormFree was named to HousingWire’s 2014 HW TECH100 list of the housing economy’s 100 most innovative technology companies. In addition to making the list, FormFree won the HW TECH100 “Unique Solution” category for AccountChek, the first completely paperless verification of deposit and asset technology that is used by lenders for demonstrating the ability of borrowers to pay back loans.