Announcement: AccountChek now satisfies Freddie Mac's assessment of income requirement for loan applicants paid through ADP. Learn more

Don’t Wait for the Bright Line: WIPRO Exec Talks CFPB Compliance Prep

Excerpt: “For example, FORMFREE Holdings Corporation, an Athens, Georgia–based company that automates the verification of deposits and assets and mitigates many of the challenges associated with the Qualified Mortgage (QM) rule, was founded based on FORMFREE’s chief executive officer’s personal experience.

As a borrower, Brent Chandler was frustrated with the amount of re-verification of bank statements, brokerage statements and deposits required throughout the mortgage refinance process, After seeing these inefficiencies from the borrower’s angle, he was inspired to create his company, which helps both lenders and consumers streamline the time to close.”

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