Mortgage Financial Services – a Texas-based mortgage lender that has seen considerable growth over the last 12 months, adding 16 branch offices and more than 150 employees – has selected AccountChek from FormFree to automate borrower asset review.
AccountChek enables lenders to order, analyze and certify a borrower’s financial data in minutes using a secure, Web-based platform, eliminating the need for borrowers to collect, copy and submit paper statements, FormFree says in a release.
Automated asset verification streamlines the mortgage underwriting process for both borrowers and lenders, resulting in quicker decisions and higher borrower satisfaction. It also produces a more fraud-resistant loan process, the company says.
“AccountChek improves the borrower experience and expedites the home loan process by delivering up-to-date asset verification instantaneously,” says John H. P. Hudson, vice president of Mortgage Financial Services, in the release. “That could mean sparing a customer the stress of searching for missing pages. It could also mean the difference between closing today or closing three days from now.”