AccountChek is an automated asset verification platform that accelerates credit decisioning. The platform uses augmented intelligence and more than 1,000 proprietary algorithms to generate digital verification of assets.
AccountChek was the first electronic asset validation solution to be accepted for Fannie Mae’s Day 1 Certainty program.
With this new integration, brokers and financial institutions that use Zip will be able to take advantage of the various benefits of Day1 Certainty, including greater speed and a simplified verification process.
FormFree’s AccountChek has also been integrated with Freddie Mac’s Loan Product Advisor asset and income modeler (AIM), an automated asset and income assessment solution that speeds up and simplifies the loan origination process.
Introduced in February of last year, Zip facilitates an online “loan interview” that automatically guides borrowers through the mortgage application process in Q&A style, matching each borrower with the best loan to meet their unique needs.