Athens Business
FormFree releases Residual Income Knowledge Index, an intelligent new system for assessing borrowers’ Ability to Pay, to lenders nationwide
ATHENS, Ga. — FormFree today announced the general availability of its Residual Income Knowledge Index, or RIKI. RIKI is an innovative method for measuring consumers’ Ability-to-Pay (ATP) for mortgages and other loans based on monthly income and spending. When paired with traditional credit scoring models, RIKI offers lenders a more complete understanding of consumers’ creditworthiness and creates homeownership opportunities for those with little to no credit history….
FormFree raises $55,000 for the American Red Cross of Northeast Georgia at its third annual Heroes Golf Classic
ATHENS, Ga. — FormFree® today announced that it raised $54,705 to benefit the Northeast Georgia chapter of the American Red Cross at its annual Heroes Golf Classic charity golf tournament. Now in its third year, the September 9 event brought together volunteers and 84 at the Lanier Islands Legacy Golf Course in Buford, Georgia to raise funds for local blood drives, humanitarian aid and educational programs….
FormFree integrates with Docutech to streamline loan production with VOA and VOI/E capture
ATHENS, Ga. — FormFree® today announced the integration of AccountChek®, a service that allows lenders to verify borrowers’ assets, income, employment and rent payment history, with Solex®, a comprehensive eDelivery, eSign, eClose and eVault platform from Docutech®, a First American company….
FormFree and Finastra partnership streamlines borrower verification for improved mortgage loan processing
ATHENS, Ga. — Finastra and FormFree®, a market-leading fintech company that enables lenders to understand people’s true ability to pay (ATP®), have partnered to further streamline electronic borrower verification for mortgage lenders….
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….
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….
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….
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….
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….
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….