FormFree has partnered with Take Three Technologies (Take3Tech) to make its AccountChek automated asset, income and employment verification solutions available within LoanMAPS, an all-in-one loan origination platform that encompasses a loan origination system (LOS), point-of-sale system (POS), customer relationship management system (CRM), compliance monitoring and report generation.
The integration enables loan originators to text or email borrowers a request to electronically verify asset, income and employment data without leaving the LoanMAPS user experience. Once borrower permission is granted, AccountChek uses securely encrypted, direct-source data to automatically populate underwriter-friendly verification of asset (VOA) and verification of income/employment (VOIE) reports, which are made available within LoanMAPS.
“We are proud to introduce AccountChek as a LoanMAPS integration partner. Our partnership enables lenders to provide a streamlined verification experience while reducing loan processing and underwriting times as well as fraud risk,” says Take3Tech CEO Anita Padilla-Fitzgerald. “We look forward to helping lenders empower consumers with the speed and convenience of electronic data verification.”
“FormFree is on a mission to make it easy for mortgage lenders to assess borrowers’ ability to pay mortgage loans using high-fidelity, direct-source consumer data,” states Brent Chandler, FormFree’s CEO and founder. “It is a pleasure to partner with Take3Tech to make the benefits of AccountChek available to more mortgage lenders and consumers.”