Employment Verification Just Got Easier!
FormFree® is excited and proud to partner with Freddie Mac on “an improved way to assess borrower employment” that offers superior speed, cost, and fraud resistance.
Now lenders can automatically satisfy the 10-day PCV requirement using account or payroll data from AccountChek® with the latest enhancement to Freddie Mac Loan Product Advisor® asset and income modeler (AIM).
Stop buying expensive reports and wasting time on verbal, email, or written verification of employment. AccountChek’s Deposits-Based Verification of Employment (DVOE) can verify your borrower’s employment status in minutes. Learn how.
Powered by direct deposit data sourced from AccountChek® Verification of Asset report, this 10-day pre-closing verification eliminates the need for verbal verification, or other reverification methods for Freddie Mac loans.
Freddie Mac’s Single-Family Seller/Servicer Guide Bulletin issued June 1 provides lenders additional requirements and information about availability and usage. Check out this press release to learn more!