Amerisave Mortgage Corporation Adopts AccountChek By FormFree To Simplify The Mortgage Application Process
May 3, 2016 – Atlanta, Georgia – AmeriSave Mortgage Corporation, NMLS ID #1168, and FormFree Holdings Corp., a provider of automated asset verifications, announce that AmeriSave has integrated AccountChek into its mortgage origination platform. AccountChek is the first, patented solution to be accepted by government-sponsored enterprises to provide lenders with automated verification of asset accounts.
Using data acquired directly from a borrower’s financial institution, AccountChek verifies account ownership, balances and deposits as well as analyzing the data to alert lenders to for possible fraud and irregularities. Eliminating the need for borrowers to submit paper documents averts the errors that can occur when data is manually entered into a loan origination system and eliminates forged or fabricated financial information. “Our goal is to ensure that the information we receive is safe and secure. Implementing AccountChek into our loan origination platform helps us continue to maintain accurate, protected and verified information,” said Dave Ryan, Executive Vice President of Operations, AmeriSave.
AmeriSave is leveraging services provided by FormFree to improve the customer experience by eliminating the need to collect, copy and submit financial statements in order to qualify for a mortgage. “Ensuring exceptional customer service in a timely fashion is a priority at AmeriSave. AccountChek allows us to better facilitate the needs of our customers by offering secure and accurate verification of their assets,” said Ed Abufaris, President, AmeriSave.
“Data integrity is critical to making quality, compliant lending decisions,” said Brent Chandler, CEO and Founder of FormFree. “AccountChek provides an unprecedented level of data validation that improves efficiencies and empowers our customers to meet today’s stringent investor and regulatory demands for assurance that borrowers can afford to repay their loans.”
About AmeriSave Mortgage Corporation
Founded in 2002 and headquartered in Atlanta, Georgia, AmeriSave Mortgage Corporation is one of the nation’s largest privately owned online home mortgage lenders. The company’s website provides homebuyers a simplified approach to the mortgage shopping, application and approval process. In 2010, AmeriSave established a Third Party Origination (TPO) division to provide funding for mortgage loans to community banks, credit unions, mortgage brokers and mortgage bankers. In 2014, AmeriSave expanded its footprint into retail lending in the southeast, California and Michigan. For more information about AmeriSave, please visit amerisave.com, on Twitter at @amerisave, and on Facebook at facebook.com/amerisave.
Leading lenders trust FormFree Holdings Corporation to deliver automated verification solutions that increase loan closing speed and drive more insight from a borrower’s financial information. FormFree was named one of American Banker’s Top 10 Tech Companies to watch in 2015. Its flagship product, AccountChek™, is the only patented solution delivering automated asset verification data and reports. The AccountChek™ solution consolidates, analyzes, and verifies assets directly from their source. It then applies thousands of proprietary algorithms to generate asset reports on demand. AccountChek is the only patented third-party asset verification acceptable to the GSEs and leading investors. More than 200 leading lenders offer AccountChek to their millions of customers in the United States. FormFree is headquartered in Atlanta, Georgia. For more information, visit www.FormFree.com.
AmeriSave Mortgage Corporation, NMLS ID #1168, ( www.nmlsconsumeraccess.org); Corporate Office: 3525 Piedmont Rd NE, 8 Piedmont Center, Suite 600, Atlanta, GA 30305. Additional licensing information may be found at amerisave.com/licensing. For questions regarding state licensing, please contact (866) 970-7283. Not all products and options are available in all states. Terms are subject to change without notice. ©2016 AmeriSave Mortgage Corporation.