Alliances and Partnerships, Business, Free News Articles, Software

FormFree and HomeScout partner to help lenders identify mortgage-ready borrowers earlier in the home buying journey

ATHENS, Ga. -- FormFree® has partnered with HomeScout, a wholly owned subsidiary of FirstClose®, to launch HomeScout Qualified Borrower, a tool that helps lenders generate leads and concentrate borrower conversion efforts on mortgage-ready home buyers.

HomeScout offers mortgage professionals a suite of tools built to capture more purchase business and close more loans by engaging with in-market home buyers early in their home buying journeys. With the introduction of HomeScout Qualified Borrower, FormFree and HomeScout helps prospective homebuyers - including those with thin credit files or no credit score at all - understand their buying power and share it with lenders before completing a detailed loan application or receiving an initial loan estimate.

FormFree is a leading provider of ability to pay (ATP®) analytics for the lending industry, including verification of assets (VOA), verification of income and employment (VOI/E) and rent payment history. FormFree's patent-pending Residual Income Knowledge Index™ (RIKI™) supplements traditional credit evaluation models with analysis of a consumer's cash flow and residual income, creating a more complete picture of a borrower's creditworthiness and potentially allowing more borrowers to qualify for a home loan.

"The systemic bias in today's lending model, however unintentional, has created a homeownership gap that has persisted for decades. The FHFA is calling upon the entire industry to make housing equity a priority, and FormFree is answering that call," said FormFree Chief Strategy Officer Eric Lapin. "Our Qualified Borrower™ token provides the top-of-funnel intelligence lenders need to responsibly extend credit to more borrowers while curbing sky-high loan origination costs."

"Our partnership with HomeScout redefines the way lenders engage with past customers and prospects by combining clear signals of home buying intent with a complete understanding of each consumer's ability to finance a home," said FormFree Founder and CEO Brent Chandler. "These are the highest-quality leads the industry has ever seen."

"Every day, hundreds of thousands of Americans start their home buying journeys online. With so many potential leads, the challenge for lenders is figuring out which buyers have both the intent to buy a home and the ability to repay a mortgage loan," said David Camp, President of HomeScout. "By combining our consumer marketing suite with FormFree's Qualified Borrower token, HomeScout Qualified Borrower helps lenders more efficiently connect with mortgage-ready home buyers before they are scooped up by competitors."

About FormFree:

FormFree® is a market-leading fintech company whose revolutionary products AccountChek® and Passport® make for a more inclusive credit decisioning landscape by enabling lenders to understand people's true ability to pay (ATP®). Our vision is to leverage source data and data-driven intelligence to usher in a new era of transparent, fair and liquid credit markets. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing trillions of dollars in loan verifications. FormFree delights borrowers and lenders with a paperless experience, dramatically reduces origination timelines and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey®. For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

About HomeScout:

HomeScout is a lender-centric platform dedicated to growing conversions and retention rates for the mortgage industry. HomeScout, LLC is a wholly owned subsidiary of FirstClose®, a highly respected financial technology provider. This strategic partnership provides mortgage industry professionals with access to an extraordinary suite of solutions to best serve in-market home buyers and sellers, while also providing the necessary tools to amplify business growth.

With HomeScout, consumers will find all the tools they need to help them through the home buying and selling journey, including a branded and secure search portal.

HomeScout is committed to the retention and growth of database clients while providing commission security and consistency for mortgage professionals and organizations.

For more information on HomeScout visit https://homescout.realty.com/.

Related link: https://www.formfree.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Software

FormFree announces support for new Freddie Mac Loan Product Advisor enhancement aimed at expanding sustainable homeownership for renters

ATHENS, Ga. -- FormFree® announced that mortgage lenders using AccountChek® verification of asset (VOA) reports in conjunction with a Freddie Mac Loan Product Advisor® (LPA℠) solution will soon benefit from an enhancement that takes loan applicants' 12-month on-time rent payment history into consideration when assessing eligibility for qualified first-time homebuyers.

The enhancement, which is effective once announced in the Freddie Mac July Guide Bulletin, is designed to expand sustainable homeownership for the millions of Americans by taking their rent payment history into account when assessing eligibility. The expansion of rent payment history can increase the number of mortgage loan applicants who receive an Eligible/Accept recommendation in LPA.

"Freddie Mac is focused on offering value to our clients and improving the borrower experience as we continue to modernize the mortgage process," said Kevin Kauffman, Freddie Mac Single-Family Vice President of Client and Partner Delivery. "FormFree has been a strong partner on this journey by helping lenders assess credit eligibility for qualified first-time homebuyers."

LPA will automatically identify on-time rent payments - including those made via mobile apps like Venmo, Zelle and Paypal - within AccountChek VOA reports and take them into consideration when assessing eligibility for qualified first-time homebuyers. Only on-time rent payments will be considered; LPA will not assess late or missing rent payments.

"Freddie Mac's move to have Loan Product Advisor consider rent payment history in its assessment is part of a much larger push for more equitable home financing practices," said FormFree Chief Customer Officer Christy Moss. "People of color, who have disproportionately low homeownership rates and are overrepresented among credit invisible consumers will be most positively impacted by this enhancement to LPA."

"FormFree takes great pride in helping borrowers communicate their ability to pay and equipping lenders with the tools to confidently and efficiently verify borrower credentials," continued Moss. "We look forward to supporting Freddie Mac as it continues to deploy technology that improves access to sustainable credit for homebuyers."

Lenders can leverage rent payment history assessment through LPA asset and income modeler (AIM) when they order AccountChek reports of any length, including 30-, 60-, 90- and 180-day reports. In supplying LPA with 12 months of rent payment history, AccountChek has established safeguards that ensure the collection of extended rent payment history does not expose lenders to non-rent transactions, such as large gift deposits, that occurred more than 90 days in the past.

"FormFree remains committed to developing and supporting solutions that correct the racial homeownership gap," said FormFree Founder and CEO Brent Chandler. "Using FICO scores alone to evaluate creditworthiness excludes a large swath of minority homeowners who pay their rent on time and responsibly manage their finances without borrowing money from creditors. Direct source financial data is the key to understanding consumers' true ability and FormFree applauds Freddie Mac's efforts to help lenders finance homeownership more equitably."

For more information, visit https://www.formfree.com/rent/.

About FormFree:

FormFree® is a market-leading fintech company whose revolutionary products AccountChek® and Passport® make for a more inclusive credit decisioning landscape by enabling lenders to understand people's true ability to pay (ATP®). Our vision is to leverage source data and data-driven intelligence to usher in a new era of transparent, fair and liquid credit markets. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing trillions of dollars in loan verifications. FormFree delights borrowers and lenders with a paperless experience, dramatically reduces origination timelines and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey®. For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

Related link: https://www.formfree.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Software

Mortgage lenders are now able to use FormFree AccountChek to satisfy Freddie Mac’s reverification of employment requirement

ATHENS, Ga. -- FormFree® today announced that its AccountChek® digital asset verification service supports a new enhancement to Freddie Mac's Loan Product Advisor® (LPASM) asset and income modeler (AIM) solution that makes assessment of borrower employment easier, faster, less expensive and more fraud-resistant.

Under Freddie Mac Single-Family Seller/Servicer Guide requirements, with limited exceptions, mortgage lenders must verify each borrower's employment during the initial loan application, then again within 10 days of the loan's closing date. The verification, done prior to closing, is officially known as the 10-day Pre-Closing Verification or "10-day PCV."

To fulfill the Freddie Mac 10-day PCV requirement, lenders have historically had to furnish a verbal, email or written verification of employment (VOE) or pay a third-party service provider for an electronic VOE report. Now, with the latest enhancement to AIM, lenders can automatically satisfy the 10-day PCV requirement using account or payroll data using FormFree's AccountChek.

Automation of the 10-day PCV using account data is available to all Freddie Mac clients effective June 1. Freddie Mac describes the service as "an improved way to assess borrower employment" that offers superior speed, cost and fraud resistance compared to alternatives.

"Verifying a loan applicant's employment in the runup to the loan closing protects lenders, investors and borrowers alike. But the process can be time-consuming and expensive, and it's only gotten worse with so many Americans working remotely," said FormFree Chief Customer Officer Christy Moss. "The Work Number is expensive. Manual employment verification is time-consuming. Using direct-source asset data to fulfill the 10-day PCV is an economical and efficient solution, and it couldn't come at a better time for an industry that is losing sleep over razor-thin margins."

AccountChek streamlines the mortgage process by empowering borrowers to share their asset and payroll data electronically in an underwriter-friendly format lenders can use to assess asset, income, and employment in seconds. By leveraging a business-applicable refresh period, lenders that use AccountChek for a loan applicant's initial employment verification will be able to generate the VOE report within 10 days of closing.

For more information, visit https://formfree.com/pre-closing-verification.

About FormFree:

As the industry's go-to provider for direct-source VOA and VOI/E data, FormFree® helps lenders understand credit risk like never before. Our patented AccountChek® and Passport® products open doors to more inclusive credit decisioning by revealing each customer's true ability to pay (ATP®). We have completed over $3 trillion in loan verifications that help lenders lower operating costs while improving the borrower experience. For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

Related link: https://www.formfree.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, NonProfit and Charities, Sports and Activities

FormFree opens registration to its third annual Heroes Golf Classic 2022 benefiting the American Red Cross of Northeast Georgia

ATHENS, Ga. -- FormFree® today announced it has opened registration to the organization's third annual Heroes Golf Classic, which will be held on September 9, 2022, at Lanier Islands Legacy Golf Course in Buford, Georgia. All proceeds from the event will be donated to the American Red Cross of Northeast Georgia, a 501(c)(3) nonprofit organization that provides emergency assistance and preparedness education to communities affected by disaster.

FormFree invites companies and individuals to participate in the Luau on the Lake themed charity golf tournament by registering to play or sponsoring the event. Bronze, Silver, Gold and Platinum sponsorships are available in addition to two new interactive sponsorship opportunities. The Power Red premier hole sponsorship, named to honor the life-saving impact of blood donations, features a golf cannon that allows players to launch balls up to 300 yards on a Par 3 hole. The Pillowcase Hole premier sponsorship, named for the Red Cross Pillowcase Preparedness Program, is led by a golf professional who will make the first shot, setting golfers up to make a Par 5 hole in two shots.

"When natural disasters or other emergencies threaten the safety of our community, the Red Cross of Northeast Georgia is there to help," said FormFree Founder and CEO Brent Chandler. "The FormFree team and I are honored to dedicate our time, money and effort to help support this life-saving work."

Located less than an hour north of Atlanta and situated along the shores of Lake Lanier, the award-winning Lanier Islands Legacy Golf Course features 18 holes designed to delight golf enthusiasts. Charming, tranquil and rich with wildlife, the course is distinguished by its exceptional quality and commitment to service.

The 2021 Heroes Golf Classic brought together more than 100 golfers and volunteers at the Château Élan Winery and Resort in Braselton, Georgia. The event raised $57,030 to benefit Red Cross-sponsored disaster relief services, blood drives and educational programs. This year, FormFree has set a fundraising goal of $75,000.

"Since FormFree was founded in 2008, it has supported the American Red Cross by participating in blood drives, food drives and fundraisers," said Marlon Trone, executive director of the American Red Cross of Northeast Georgia. "Now over a decade later, FormFree is one of our most cherished supporters. We are grateful for their partnership and look forward to continuing our work together."

The American Red Cross of Northeast Georgia provides direct service to 23 Georgia counties by supporting the collection, testing and distribution of blood and blood components in the region, providing emergency resources for military families, facilitating lifesaving training and helping communities impacted by disasters. FormFree CEO Brent Chandler joined the organization's board of directors in 2017, and FormFree was named the Northeast Georgia chapter's 2021 Corporate Blood Sponsor of the Year.

To register for FormFree's third annual Heroes Golf Classic, visit https://HeroesClassic22.givesmart.com.

Those who are unable to attend the tournament can support the American Red Cross of Northeast Georgia's humanitarian work by making a donation at https://www.redcross.org/donate/donation.html/.

About FormFree:

As the industry's go-to provider for direct-source VOA and VOI/E data, FormFree® helps lenders understand credit risk like never before. Our patented AccountChek® and Passport® products open doors to more inclusive credit decisioning by revealing each customer's true ability to pay (ATP®). We have completed over $3 trillion in loan verifications that help lenders lower operating costs while improving the borrower experience.

For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

Related link: https://www.formfree.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Awards and Honors, Business, Free News Articles

FormFree’s Christy Moss recognized by the Mortgage Bankers Association for outstanding contributions in mortgage technology

ATHENS, Ga. -- FormFree® today announced that the Mortgage Bankers Association (MBA) has named FormFree Chief Customer Officer Christy Moss, CMB, a 2022 Tech All-Star. Since 2002, the Tech All-Star Awards have honored leaders who have made outstanding contributions to mortgage technology.

Moss was recognized for her career commitment to driving digital transformation in mortgage lending. A 30-year veteran of the mortgage industry, Moss got her start holding advanced positions at financial institutions including CitiMortgage, Wachovia and GE Capital Mortgage Services. During her subsequent 11-year tenure at Fannie Mae, Moss evangelized business initiatives beneficial to the post-recession mortgage lending ecosystem that focused on driving lender and partner adoption of technologies. Now, as CCO at FormFree, Moss is helping build a more inclusive credit decisioning landscape with AccountChek's automated verification of direct-source asset, income and employment data.

"It is an incredible honor to be recognized by the MBA, the leading organization for mortgage professionals, for my contributions toward the digital transformation of mortgage lending," said Moss. "Going forward, I will continue to uplift FormFree's creative thinkers, groundbreaking solutions and business partnerships to create a safer, easier and more transparent mortgage experience for all."

"Christy is instrumental in helping FormFree deliver a simplified loan application experience, improve loan officer productivity and reduce loan cycle times. I feel incredibly fortunate to have her as a driving force behind FormFree's mission to transform mortgage lending into an easy, stress-free digital experience," said FormFree Founder and CEO Brent Chandler. "Her passion coupled with her wealth of experience driving innovation make her well deserving of recognition as a Tech All-Star."

This award is the latest of a number of prestigious accolades under Moss' belt. In the past year alone, Moss was named a Mortgage Star by Mortgage Women Magazine and a Housing Industry Icon by Mortgage Professional America. Moss has also been honored in NEXT Mortgage Events' Powerhouse Awards program.

The 2022 Tech All-Star Awards were presented to honorees at the MBA Technology Solutions Conference & Expo in Las Vegas on April 12.

About FormFree®

As the industry's go-to provider for direct-source VOA and VOI/E data, FormFree helps lenders understand credit risk like never before. Our patented AccountChek® and Passport® products open doors to more inclusive credit decisioning by revealing each customer's true ability to pay (ATP®). We have completed over $3 trillion in loan verifications that help lenders lower operating costs while improving the borrower experience. For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

Related link: https://www.formfree.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Alliances and Partnerships, Business, Free News Articles, Software

FormFree and Take3Tech integration brings AccountChek asset, income and employment verification to the LoanMAPS mortgage technology platform

ATHENS, Ga. -- FormFree® today announced it 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," said 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," said FormFree CEO and Founder Brent Chandler. "It is a pleasure to partner with Take3Tech to make the benefits of AccountChek available to more mortgage lenders and consumers."

Lenders interested in learning more about the Take3Tech and AccountChek integration should visit FormFree at booth #612 or set up a meeting with Take3Tech at the Mortgage Bankers Association (MBA) Technology Solutions Conference & Expo 2022 taking place April 11-14 at the Bellagio Hotel & Casino in Las Vegas.

About FormFree®:

As the industry's go-to provider for direct-source VOA and VOI/E data, FormFree helps lenders understand credit risk like never before. Our patented AccountChek® and Passport® products open doors to more inclusive credit decisioning by revealing each customer's true ability to pay (ATP®). We have completed over $3 trillion in loan verifications that help lenders lower operating costs while improving the borrower experience. For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

About Take Three Technologies:

Take Three Technologies developed LoanMAPS, a cloud-based and fully-integrated loan origination platform. With LoanMAPS, you can replace your current LOS, CRM, POS, and Report Generator with one easy-to-use solution that covers of all of your mortgage banking technology needs. From client management and origination to processing and closing, LoanMAPS is here for you with easy implementation and training at your fingertips. Reduce your cost to close and increase your productivity with LoanMAPS today. For more information, visit the company's website https://welcome.loanmaps.com/.

Related link: https://www.formfree.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Software

FormFree grows executive team, appoints Eric Lapin chief strategy officer

ATHENS, Ga. -- FormFree® today announced that it has appointed Eric Lapin to the role of chief strategy officer (CSO). In this position, Lapin will leverage his more than 25 years' experience in leadership roles at marquee mortgage technology firms and financial institutions to steer the strategic vision and partnerships driving FormFree's growth.

Prior to joining FormFree, Lapin served as first vice president of corporate development, national agency services, at Old Republic Title, where he spearheaded the structuring of new solutions, corporate alliance building, and lender and agency business development. Before that, he held vice president and managing director positions at banner housing fintechs and financial institutions including Altisource, Black Knight, First American and Credit Suisse.

As CSO, Lapin will strategically identify and execute growth opportunities at FormFree. His responsibilities will include monitoring the execution of business initiatives, identifying key capital projects, driving strategic partnership opportunities and overseeing communications and marketing.

"My long-standing passion for helping lenders leverage technology to create a better mortgage experience has made this next step in my career an easy one," said Lapin. "In my new role as CSO, I look forward to supporting FormFree's vision of transforming the mortgage industry with innovative solutions designed to improve lender operations and expand consumer access to sustainable credit."

"Eric brings a wealth of experience and strategic know-how to the FormFree team, which he has acquired through decades of experience gaining mastery knowledge of mortgage lending and the technology ecosystem that powers it," said FormFree Founder and CEO Brent Chandler. "As FormFree continues to grow, Eric will play a central role in how our suite of revolutionary digital products is able to impact the housing finance industry and beyond."

Lapin is the second addition to FormFree's executive team in the last month, following FormFree's appointment of Patrick Rutherford, former finance executive at Intercontinental Exchange, as chief financial officer (CFO).

About FormFree®

As the industry's go-to provider for direct-source VOA and VOI/E data, FormFree helps lenders understand credit risk like never before. Our patented AccountChek® and Passport® products open doors to more inclusive credit decisioning by revealing each customer's true ability to pay (ATP®). We have completed over $3 trillion in loan verifications that help lenders lower operating costs while improving the borrower experience.

For more information, visit https://www.formfree.com/

Follow FormFree on LinkedIn: https://www.linkedin.com/company/formfree/

Related link: https://www.formfree.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Software

George Mason Mortgage selects FormFree AccountChek to streamline its verification of borrower assets, income and employment

ATHENS, Ga. -- FormFree® today announced that Washington, D.C.-based George Mason Mortgage (GMM) has selected AccountChek® as the regional lender's exclusive provider of automated asset, income and employment verification services. GMM will use AccountChek to simplify the loan application experience for borrowers, improve productivity for its team of 120 mortgage loan officers and reduce loan cycle times.

How It Works

A seamless integration between FormFree and GMM's mortgage point-of-sale software makes it easy for loan teams to order AccountChek verification of asset (VOA) and verification of income/employment (VOIE) reports with just a few clicks. Instead of manually gathering bank statements and pay stubs and submitting them to GMM, loan applicants can use AccountChek to digitally verify assets, income and employment in seconds using high-fidelity data and documentation sourced directly from financial institutions and payroll providers. The information collected by AccountChek is then automatically mapped to the Form 1003 Universal Residential Loan Application in GMM's loan origination software, eliminating the time and risk associated with manual data entry.

Because FormFree is an authorized asset verification report supplier for Fannie Mae's Desktop Underwriter® (DU®) validation service and Freddie Mac's Loan Product Advisor® (LPASM) asset and income modeler (AIM) solution, GMM receives freedom from representations and warranties for certain validated loan components, resulting in greater certainty when selling loans on the secondary market.

Early Results

Since rolling out AccountChek enterprise-wide at the beginning of the year, GMM has seen an eight-fold uptick in orders for automated VOA and VOIE. According to SVP of Information Systems Margie Ambrosio, AccountChek is helping the lender deliver a better borrower experience and compressing the time required for loans to progress from application to closing to investor purchase.

"Our borrowers wanted an easier way to document their ability to pay," said GMM SVP of Information Systems Margie Ambrosio. "AccountChek combines asset, income and employment verification into one easy step for borrowers and gives us an underwriter-ready report that can be refreshed at any point between initial application and closing. Eliminating repetitive requests for paper documentation is already improving efficiency in our loan origination process, reducing per-loan costs and streamlining vendor due diligence - not to mention delighting our customers."

A wholly owned subsidiary of United Bank, George Mason Mortgage is licensed to serve mortgage customers throughout the United States and maintains retail branches in 12 states plus the District of Columbia.

About FormFree®

As the industry's go-to provider for direct-source VOA and VOI/E data, FormFree helps lenders understand credit risk like never before. Our patented AccountChek® and Passport® products open doors to more inclusive credit decisioning by revealing each customer's true ability to pay (ATP®). We have completed over $3 trillion in loan verifications that help lenders lower operating costs while improving the borrower experience. For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

About George Mason Mortgage, LLC

Based in Fairfax, Virginia, George Mason Mortgage was founded in 1980 and is a wholly owned subsidiary of United Bank. We have been consistently ranked as a top lender in the mid-Atlantic region and have expanded into various markets with retail offices throughout Virginia, Washington, D.C., Maryland, North Carolina and South Carolina. We understand the importance of homeownership and are fortunate to have a superior team of in-house underwriters, processors and closers to provide you with the kind of efficient, personalized service you can only get from a local lender. Our goal is to provide easy and comprehensive solutions that suit the individual needs of our borrowers. For more information, visit https://www.gmmllc.com/.

Related link: https://www.formfree.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Software

Mary Costello joins FormFree team as director of vendor management, risk and compliance

ATHENS, Ga. -- FormFree® today announced that it has welcomed 17-year finance industry veteran Mary Costello to its team as director of vendor management, risk and compliance. In this role, Costello will support FormFree's audit, risk and compliance efforts across the management of internal and external vendor, lender and integration partnerships.

Prior to joining FormFree, Costello served 14 years at Veterans United Home Loans, where she developed, launched and led the enterprise-wide vendor management program for the largest U.S. Department of Veterans Affairs (VA) purchase lender. Costello also served as Veterans United Home Loans' go-to vendor compliance manager - diligently mitigating third-party risk through careful contract analyses, strong pricing negotiations and frequent due diligence collaborations.

"We are incredibly lucky to bring Mary and her wealth of vendor management expertise to the FormFree fold," said FormFree Founder and CEO Brent Chandler. "Mary has a deep background in managing risk across a complex portfolio of critical vendor relationships. I'm confident that she will be an incredible asset as FormFree continues to grow its vendor network."

As Director of Vendor Management, Risk and Compliance at FormFree, Costello will manage FormFree's internal and external vendor relationships with support from compliance leadership, internal stakeholders and external auditors. She will collaborate across FormFree's network to mitigate vendor risk by ensuring compliance with regulatory and ethical requirements.

"I was drawn to FormFree because I identify with the company's mission of driving disruptive change in the mortgage industry," said Costello. "I look forward to nurturing FormFree's numerous vendor relationships, promoting its groundbreaking mortgage products and thinking outside the box to leverage these relationships and products to facilitate a world-class lending experience."

About FormFree®

As the industry's go-to provider for direct-source VOA and VOI/E data, FormFree helps lenders understand credit risk like never before. Our patented AccountChek® and Passport® products open doors to more inclusive credit decisioning by revealing each customer's true ability to pay (ATP®). We have completed over $3 trillion in loan verifications that help lenders lower operating costs while improving the borrower experience.

For more information, visit https://www.formfree.com/

Follow FormFree on LinkedIn: https://www.linkedin.com/company/formfree/

Related link: https://www.formfree.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Awards and Honors, Business, Free News Articles

FormFree celebrates recognition as an eight-time HousingWire Tech100 honoree

ATHENS, Ga. -- FormFree® today announced it has been named a HousingWire (HW) Tech100 winner for the eighth time. The HW Tech100 Mortgage awards program recognizes companies revolutionizing the mortgage lending process from origination to closing and beyond.

FormFree was recognized on the HW Tech100 for its innovative AccountChek® and Passport(tm) solutions that are revolutionizing the way mortgage lenders understand people's true ability to pay (ATP). By automatically verifying and analyzing borrower permissioned data, FormFree enables lenders to verify asset, income, employment and rental history with a combined, underwriter-friendly report in seconds.

"I am thrilled to see FormFree recognized in the HW Tech100 lineup once again, an achievement our company has reached eight times since its inception," said FormFree Founder and CEO Brent Chandler. "By providing a more accurate and comprehensive picture of a borrower's ATP than traditional credit scoring alone, we are helping lenders make homeownership more accessible to underserved communities."

"This year's list of Tech100 honorees proves once again that innovation within housing is vital in differentiating the organizations who will thrive and those who will be left behind," said Clayton Collins, CEO of HW Media. "This list spotlights the innovators that are making the housing sector better and more sustainable by increasing efficiency, improving user and borrower experiences and bringing elasticity and improvements to age-old processes."

About FormFree®

FormFree® is a market-leading fintech company whose revolutionary products AccountChek® and Passport® make for a more inclusive credit decisioning landscape by enabling lenders to understand people's true ability to pay (ATP®). To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing trillions of dollars in loan verifications. FormFree delights borrowers and lenders with a paperless experience, dramatically reduces origination timelines and offers automated analysis and standardized delivery to lenders and investors using a secure ReissueKey®.

For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

Related link: https://www.formfree.com/

This news story was published by the Neotrope® News Network - all rights reserved.