Fannie expands Day 1 Certainty program (National Mortgage News)

Fannie is currently testing single-source validation of borrower’s assets, income and employment that could qualify lenders for immediate representation and warranty relief on these data points, President and CEO Timothy Mayopoulos announced at the MBA Annual Convention here. The single source report, which is on track for rollout to the broader market next year, analyzes … Read More

FormFree® company founder and CEO Brent Chandler has been recognized by Mortgage Professional America (MPA) magazine in its annual Hot 100 list of mortgage professionals whose contributions are shaping America’s home finance future. Chandler was recognized as the creator of AccountChek® — the mortgage industry’s first automated asset verification tool — and for advancing innovative … Read More

FormFree, Athens, Ga., announced that asset reports generated by its AccountChek automated asset verification service meet all underwriting guidelines established by the U.S. Department of Veterans Affairs for loans guaranteed by its Loan Guaranty Service. AccountChek eliminates gathering asset documents for loans by letting consumers transmit their online banking, retirement and investment account data for … Read More

FormFree announced that its AccountChek® automated asset verification reports meet all underwriting guidelines established by the U.S. Department of Veterans Affairs. The announcement follows the VA’s December 29, 2017, release of Circular 26-17-43, a response to increasing lender interest in automated verification of borrower assets for VA loans. The circular clarifies that the VA permits … Read More

“You cannot stop being efficient,” says David Lykken, President of Transformational Mortgage Solutions, Marble Falls, Texas. “The minute you stop worrying about being efficient is the time you need to worry about it the most.” Lykken and three panelists here at the Mortgage Bankers Association’s Independent Mortgage Bankers Conference presented ideas for success in the … Read More

The last 24 months have seen aggressive growth and milestone achievements for automated verification provider FormFree® – and now the fintech company is setting its sights on achieving even greater market penetration in 2018 thanks to broader investor acceptance and new products and features designed to meet lenders’ unique needs. Read the full story in … Read More

FormFree recently announced that asset reports generated by its AccountChek automated asset verification service meet all underwriting guidelines established by the U.S. Department of Veterans Affairs (VA) for loans guaranteed by its Loan Guaranty Service. The announcement came following the VA’s Dec. 29, 2017, release of Circular 26-17-43, which was issued in response to increasing … Read More

The Department of Veteran Affairs (VA) has issued a clarification regarding its policy on third-party verification requirements for loan underwriting. VA said that it accepts third-party verifications, subject to certain rules. The clarification, issued through Circular 26-17-43, follows inquiries from lenders regarding whether or not third-party vendors may verify borrower income, employment, and asset information … Read More

FormFree Chief Strategy and Industry Relations Officer Ann Fulmer has released another episode of “Buzzworthy,” a podcast delivering unbiased analysis of developing mortgage industry news, market trends and regulatory updates in five minutes or less. In this episode, Fulmer offers lenders advice on how to take advantage of current industry programs, initiatives and pilots to prepare for what’s … Read More

FormFree today announced that asset reports generated by its AccountChek automated asset verification service meet all underwriting guidelines established by the U.S. Department of Veterans Affairs (VA) for loans guaranteed by its Loan Guaranty Service. The announcement follows the VA’s December 29, 2017, release of Circular 26-17-43, which was issued in response to increasing lender … Read More