Announcement: FormFree introduces the Residual Income Knowledge Index - powering the Guild Mortgage Complete Rate Program Learn more

O.G. verification provider FormFree offers new-school pricing (Rob Chrisman)

The recent drop in mortgage rates has rendered 8.2 million mortgages refi-eligible, and a further 1/8 percent decline in rates would thrust the number of refi-eligible borrowers to 9.7 million. That’s a lot of customers you could be wowing with automated asset, income and employment verification. FormFree’s Passport is the O.G. provider in this space, but FormFree has done something decidedly new-school with its recent decision to offer closed loan pricing, where lenders receive the Passport Summary report for a $1 fee on each loan application and then only pay for a full report on loans that fund. See a live demo of Passport at Freddie Mac Connect, where FormFree is holding down booth #15 as the event’s platinum sponsor.
Read this news as it originally appeared in Rob Chrisman’s Mortgage News & Commentary.

Related Articles

Eric Lapin shares how FormFree is democratizing consumer data (Lykken on…

Read More

Christy Moss discusses Freddie Mac AIM for income using direct deposit…

Read More

FormFree knew digital credit risk data would catch on (MPA)

Read More