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FormFree’s AccountChek automated asset verification system is now integrated with PromonTech’s Borrower Wallet point-of-sale (POS) solution. AccountChek was the first asset evaluation solution to be accepted by Fannie Mae’s Day 1 Certainty program. As a result, Borrower Wallet clients will be able to take advantage of Day 1 Certainty, as well as streamlined asset verification […]
“Continued mortgage modernization is an important means of solving industry problems. For example, Fannie Mae has already demonstrated that process improvements and data-enabled decision-making can reduce loan defect rates from 6% just a few years ago to under .005%… …technology is [also] improving the opportunity for lenders to serve borrowers with low to moderate loan […]
The jury’s still out on whether bank account data is a viable alternative to the tedious process of contacting employers to verify a mortgage applicant’s job status. But there’s already hope that the same data could replace the even more nettlesome task of Internal Revenue Service income verifications. “This is an alternative that can be […]
Floify, the leading end-to-end mortgage point-of-sale solution, has recently announced its official partnership with mortgage giant, Fannie Mae. This exciting news comes on the heels of the launch of Floify’s groundbreaking 1003 loan application, creating an impressive vision for the future of integrated mortgage services. Their interview-style 1003 already provides direct integration with a library […]