Mar, 24
2022
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.

Sep, 10
2020
Business, Free News Articles

FormFree Adds SaaS Executive Tyler Brantley as Director of Implementation

ATHENS, Ga. -- FormFree(R) has hired SaaS sales executive Tyler Brantley as director of implementation. In this role, Brantley will serve as the internal liaison between FormFree's sales and operations teams and support revenue growth by working to ensure an ideal onboarding experience for every FormFree customer.

Prior to joining FormFree, Brantley was vice president of sales at content production marketplace StudioNow, where he oversaw sales and business development and helped spin out marketing procurement platform Octerra in 2019. As vice president of sales at Octerra, Brantley's team helped Fortune 500 brands more effectively collaborate and manage their marketing processes, pass-through costs and ROI through technology.

"Tyler has made a career of helping companies build strategies that set a foundation for long-term success," said FormFree Founder and CEO Brent Chandler. "Our implementation team is mission-critical, because it is every client's first impression of what it's like to be a FormFree customer - so we are thrilled to have a leader of Tyler's caliber leading that charge."

"FormFree has earned a reputation for being a genuine partner that is dedicated to helping its lender clients solve the challenges they deal with day in and day out," said Brantley. "I'm excited by the opportunity to work with a company that is redefining its industry and proud to join such a talented, collaborative team."

Brantley is also co-founder of Resilient Families Institute, a company that works with active U.S. military families to help them build strong, healthy relationships that stand the test of time and deployment. Brantley is a graduate of The University of the South.

About FormFree:

FormFree is a market-leading fintech company whose revolutionary products AccountChek and Passport are changing the credit decisioning landscape and encouraging lenders nationwide to incorporate a more holistic view of each borrower's financial DNA. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing over a trillion dollars in loan verifications.

FormFree delights borrowers and lenders with a paperless experience, reduces origination timelines by up to 20 days and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey(TM).

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

Image link for media: https://www.depthpr.com/media/formfree

Twitter: @RealFormFree #peoplemovers #mortgageindustry

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

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