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FormFree, Veri-Tax Join Forces To Offer New Asset Verification Solution, Twitter Buzzes

As seen in Yahoo Finance, Veri-Tax, LLC, the leading provider of verification services to the mortgage and credit industries, has formed a strategic partnership with FormFree. Veri-Tax will leverage FormFree’s AccountChek technology that offers instant, automated, and secure account verifications to financial institutions looking to determine a borrower’s ability to repay a loan.

The result is Veri-Tax’s new automated Verification of Accounts (VOA) solution. Veri-Tax’s VOA verifies a borrower’s assets and deposits by electronically retrieving account data from thousands of financial institutions, resulting in reduced turnaround times associated with typical paper-based verification processes.

The timing of this release will significantly help lenders comply with new Consumer Financial Protection Bureau’s ability-to-repay requirements set to take effect in January 2014.

The news has brought some buzz to Twitter:

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