FormFree today announced that its AccountChek(TM) automated asset verification service is available through Ellie Mae’s Encompass Consumer Connect(TM) point of sale loan origination solution, an extension of the Encompass mortgage management solution. Encompass Consumer Connect enables lenders to deliver a state-of-the-art, completely branded and unique self-service online loan origination experience for homebuyers.
eNewsChannels NEWS: ATLANTA, Ga. — FormFree today announced that its AccountChek(TM) automated asset verification service is available through Ellie Mae’s Encompass Consumer Connect(TM) point of sale loan origination solution, an extension of the Encompass mortgage management solution. Encompass Consumer Connect enables lenders to deliver a state-of-the-art, completely branded and unique self-service online loan origination experience for homebuyers. The seamless integration with AccountChek allows Encompass Consumer Connect users to verify and share asset and deposit information with their lenders in seconds without uploading bank statements.
AccountChek is an asset verification service that streamlines the loan underwriting process for both borrowers and lenders, resulting in quicker decisions and higher borrower satisfaction. The cloud-based app securely connects with virtually any financial institution to consolidate, analyze and verify assets and deposits, delivering a safe and hassle-free experience for borrowers and greater purchase certainty for lenders.
AccountChek is also the first provider of asset verification to participate in Fannie Mae’s Day 1 Certainty(TM) initiative, which gives lenders who use the Desktop Underwriter(R) (DU(R)) Validation Service reps and warrants relief for validated components of a loan.
Ellie Mae is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Its Encompass Consumer Connect helps lenders attract prospective borrowers with a customized web experience that allows them to research rates and loan options, request information and complete a loan application all online. The dynamic loan application is designed to make the process easy for the consumer by leveraging services like AccountChek that minimize data entry, ensure high data accuracy and deliver a more complete loan application, thereby reducing overall loan processing time for both borrower and lender.
“FormFree is delighted to partner with Ellie Mae once again,” said FormFree Founder and President Brent Chandler. “AccountChek has been an integrated part of Encompass since 2014. With our expansion into the newly introduced Consumer Connect, homebuyers can experience a truly streamlined self-service loan application process.”
For more information on Ellie Mae’s Encompass Consumer Connect, visit http://www.elliemae.com/encompass/sales-marketing/encompass-consumer-connect.
Leading lenders trust Athens, Georgia-based FormFree to deliver automated verification solutions that streamline the loan origination process and provide better intelligence on borrowers’ ability to repay. FormFree’s flagship app, AccountChek(TM), eliminates the hassle of collecting paper statements from borrowers by using direct-access data untouched by human hands to consolidate, analyze and verify assets. Lender tested and GSE approved, AccountChek securely delivers automated asset verification data and on-demand reports to more than 200 leading U.S. lenders and their millions of customers. FormFree was named one of American Banker magazine’s “Top 10 Tech Companies to Watch” in 2015.
For more information, visit http://www.formfree.com/.
About Ellie Mae
Ellie Mae (NYSE:ELLI) is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Mortgage lenders of all sizes use Ellie Mae’s Encompass(R) all-in-one mortgage management solution, Mavent Compliance Service and AllRegs research, reference and education resources to improve compliance, loan quality and efficiency across the entire mortgage lifecycle.
Visit EllieMae.com or call (877) 355-4362 to learn more.
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