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Automated verification provider FormFree, Athens, Ga., partnered with LoanBeam, a provider of automated income extraction and calculation services, to collect digital borrower financial data directly from the source and calculate qualified income. AccountChek by FormFree is an automated asset verification service that enables borrowers to demonstrate their ability to repay loans by sharing financial data […]
FormFree, a fintech company, has been designated a third-party service provider for automated income and asset assessment capabilities with Freddie Mac. The announcement was accompanied by Freddie Mac’s unveiling of new enhancements to Loan Advisor, Freddie Mac’s set of integrated software applications designed to lower costs in the origination process and assist lenders in the […]
Freddie Mac, McLean, Va., announced Loan Product Advisor, its automated underwriting system, now offers AUS-integrated self-employment income assessments for the mortgage industry through LoanBeam. The full integration with Loan Product Advisor provides lenders with advantages in the underwriting process over using LoanBeam’s platform separately. For example, Loan Product Advisor’s automated review identifies whether the qualifying […]
Freddie Mac has named FormFree® a designated third-party service provider for automated income and asset assessment capabilities. The announcement came as the GSE unveiled new enhancements to Loan AdvisorSM at the Mortgage Bankers Association’s Annual Convention and Expo in Washington, D.C. Freddie Mac’s automated asset and income assessment capabilities are currently available in limited release, […]