Awards and Honors, Business

FormFree celebrates its 10th appearance on the HousingWire Tech100

ATHENS, Ga. -- FormFree® today announced it has been honored as a HousingWire Tech100 Mortgage award winner for a tenth year. The fintech was recognized for the launch of its Residual Knowledge Income Index(tm) (RIKI(tm)), an innovative method for measuring consumers' ability to pay for mortgages and other loans based on cash-flow analysis.

RIKI offers lenders a more complete understanding of a loan applicant's borrowing capacity than traditional credit scores alone, making it possible for lenders to evaluate default risk and extend financing to homebuyers with little to no credit history. By downloading FormFree's Passport Wallet® app, consumers can view their real-time ability to pay, including their RIKI, and connect with home, auto and personal lenders on FormFree Exchange (FFX®), a marketplace that connects lenders with the high-intent, financially vetted borrowers who need them.

"While traditional credit scoring is a valuable resource, we want to ensure lenders have every scrap of data they need to make the right call on any given loan application," said FormFree Founder and CEO Brent Chandler. "By supplementing credit history with granular detail around a borrower's monthly income and expenditures, we empower lenders to provide financing to underserved markets while managing risk. It's an honor to have our efforts recognized as a part of the HousingWire Tech100."

"The technology capabilities and solutions that this year's Tech100 winning organizations have developed are an absolute testament to the relentless innovation within the real estate and mortgage technology landscape," HW Media Editor-in-Chief Sarah Wheeler said. "These past few years have been transformative for the industry, and these honorees are continuing to bring long-awaited solutions to the challenges that mortgage and real estate professionals have struggled with for decades. Congratulations to all the deserving winners for their outstanding contributions to our ever-evolving industry."

Now in its 12th year, HousingWire's Tech100 program recognizes tmpactful and innovative organizations whose technology solutions are driving efficiency, transparency and accessibility across the housing industry. Learn more about the HousingWire Tech100 and view FormFree's full company profile here: https://www.housingwire.com/company-profile/formfree-4/

About FormFree®

FormFree empowers consumers to understand their ability to pay and share it with lenders like never before. Using FormFree's Passport Wallet® app, consumers can share all the core financial data required by loan underwriters - including identity, assets, income, employment, credit history and cash-flow data - in seconds. Once consumers are ready to transact, they can anonymously share their data on the FormFree Exchange (FFX) and receive immediate offers from a marketplace of lenders who fully understand their ability to pay, residual income and eligibility for down payment assistance and inclusive lending programs. 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, Regional Events

FormFree president Eric Lapin to speak on artificial intelligence at MISMO Winter Summit

ATHENS, Ga. -- FormFree® today announced its President Eric Lapin has been selected to speak at the MISMO Winter Summit taking place January 8-11, 2024, at The Woodlands Resort just outside of Houston, Texas. Lapin will speak on a panel titled "Demystifying Artificial Intelligence, Digital Identity and Blockchain" during a brown-bag lunch session on January 9 from 12:30 pm-1:25 pm CT. He will be joined by fellow panelists Devin Caster, principal, product solutions at CoreLogic; Rishi Godse, principal technical architect at USAA; and Shawn Jobe, vice president and head of business development at Informative Research.

A mortgage industry veteran of more than 25 years, Lapin's experience at FormFree and past leadership roles at Old Republic (NYSE: ORI), Black Knight (NYSE: BKI), Credit Suisse (NYSE: CS) and Provident Bank (acquired by PNC) have made him an in-demand speaker on AI, blockchain and other innovative topics related to housing finance technology. His past speaking engagements include the Conference of State Bank Supervisors' Regulatory Summit, the Government Blockchain Association's Blockchain and Infrastructure Conference, Experience FinXTech and NAHREP's TechCon.

"Lenders that want to maintain their innovative edge in 2024 and beyond need to keep pace with the fast-evolving field of artificial intelligence and understand the risks and opportunities it presents to originators, investors and consumers," said Lapin. "By bringing this essential content to its Winter Summit, MISMO is helping mortgage finance leaders prepare for a fundamental shift in the way we do business."

The Mortgage Industry Standards Maintenance Organization (MISMO®) is a not-for-profit, wholly owned subsidiary of the Mortgage Bankers Association responsible for developing standards for exchanging information and conducting business in the U.S. mortgage finance industry. Its three annual summits (Winter, Summer and Fall) facilitate networking and collaboration among industry colleagues while providing opportunities to learn the latest mortgage industry updates.

To register for MISMO's Winter Summit, visit https://www.mismo.org/events-education/mismo-summit-.

About FormFree®:

FormFree empowers consumers to understand their ability to pay and share it with lenders like never before. Using FormFree's Passport® app, consumers can verify all the core financial data required by loan underwriters - including identity, assets, income, employment credit history and cash-flow data - in seconds. Once consumers are ready to transact, they can anonymously share their verified data on the FormFree Exchange (FFX) and receive immediate offers from a marketplace of lenders who fully understand their ability to pay, residual income and eligibility for down payment assistance and inclusive lending programs. 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

FormFree appoints Solvent CEO DIVINE as head of culture

ATHENS, Ga. -- FormFree® today announced the appointment of former hip-hop/rap recording artist-turned-techpreneur Victor D. Lombard, professionally known as DIVINE, as head of culture.

DIVINE is the CEO and founder of Solvent, a fintech focused on financial empowerment for marginalized groups. Solvent broke ground in 2022 when it was accepted as part of the inaugural cohort of Amazon's AWS Impact Accelerator for Black Founders, an eight-week program designed to help high-potential, pre-seed startups led by under-represented founders.

Additionally in 2022, Solvent was accepted into Village Capital's Innovations in Justice Tech, a fellowship program in collaboration with AmFam Institute and Dream.org that supports entrepreneurs building innovations to improve the lives of individuals and communities impacted by the justice system.

DIVINE grew up in Fort Greene, Brooklyn, and endured childhood poverty and incarceration at age 19. Realizing his potential was boundless but his options were limited, following his release DIVINE took a leap of faith and asked Ben Horowitz, general partner and co-founder of venture capital firm Andreessen Horowitz, to mentor him. Horowitz, who grew up a hip-hop/rap fan in Berkeley, California, agreed. The mentorship proved a turning point for DIVINE, and his transformation from system-impacted youth to tech-founder has been featured in Forbes, TechCrunch, Black Enterprise, Entrepreneur and Inc.

"We are extremely pleased that DIVINE has joined us and feel he is uniquely qualified to convey our message of financial parity for unserved and underserved communities," said FormFree CEO and founder Brent Chandler. "DIVINE will be on the front lines of FormFree's engagement of unserved and underserved communities he connects with in ways that are authentic and impactful."

DIVINE joined Chandler and Kevin Harrington of ABC's Shark Tank fame at the Mortgage Bankers Association's 2023 Convention & Expo in support of FormFree's launch of Passport and the FormFree Exchange (FFX). Following a discussion of the opportunities lenders have to meet a diverse array of homebuyers with a consumer-centric experience, DIVINE closed out the session with a performance of his song H.O.P.E. (Helping Oppressed People Elevate).

As head of culture at FormFree, DIVINE will use his new platform and hip-hop/rap talent to reach out to unserved and underserved urban renters with messages of financial empowerment and hope. Further, DIVINE will work closely with Harrington in a collaborative partnership with FormFree to bring awareness and empowerment to this audience.

"Hip-hop/rap culture and music in particular is a universal and global language," said DIVINE. "What better way than using it to help build awareness of the benefits of homeownership and provide a technology bridge so people will be able to take control of their financial futures."

"Technologies like Passport and the FormFree Exchange can change everything for minority homebuyers, getting rid of the disregard on one side and distrust on the other. It takes all the judgment away. Borrowers can raise their profile with lenders, and lenders know they're creditworthy and compete for their business, so it's a win-win for buyers and lenders," added DIVINE. "With Solvent and FormFree's shared mission and vision, there's a perfect alignment, and I'm really proud to be part of this unique partnership to bring about transformation."

About FormFree®:

FormFree empowers consumers to understand their ability to pay and share it with lenders like never before. Using FormFree's Passport® app, consumers can verify all the core financial data required by loan underwriters - including identity, assets, income, employment credit history and cash-flow data - in seconds. Once consumers are ready to transact, they can anonymously share their verified data on the FormFree Exchange (FFX) and receive immediate offers from a marketplace of lenders who fully understand their ability to pay, residual income and eligibility for down payment assistance and inclusive lending programs. 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, down payment assistance, MX Technologies Inc, Software

FormFree welcomes MX Founder and Executive Chair Ryan Caldwell to its board of directors

ATHENS, Ga. -- FormFree® today announced the appointment of MX Technologies, Inc. (MX) Founder and Executive Chair Ryan Caldwell to its board of directors. Caldwell brings more than 20 years of experience in financial services and fintech, helping organizations around the world harness the power of financial data to improve business and consumer outcomes.

"Few people bring the passion and vision to a challenge like Ryan Caldwell. He is a strong advocate for creating an open finance ecosystem that offers improved financial outcomes for consumers and the businesses that serve them, which aligns with our own philosophy," said FormFree founder and CEO Brent Chandler. "We're honored to have Ryan join our board of directors as we decentralize consumer financial data and democratize access to credit."

Caldwell founded MX as a mission-driven organization focused on empowering the world to be financially strong. Prior to founding MX, Caldwell built and successfully exited multiple technology startups and performed consulting work in the United States, Singapore and London for large corporations, including Visa and Microsoft.

"I am excited to continue my work with FormFree, now as a board member," said Ryan Caldwell, founder and executive chair, MX. "We share a vision to improve consumer and business outcomes by helping businesses to reliably connect and verify financial data, gain customer intelligence and deliver personalized money experiences to improve customer engagement and retention."

Caldwell and Chandler share parallel philosophies ranging from a conviction to help empower financial strength and freedom to honoring and protecting our service members and precious freedoms. Caldwell completed the majority of undergraduate hours at the United States Air Force Academy and transferred to the Marriot School of Management at BYU to finish his degree in Business Management with an emphasis in Information Systems.

About FormFree®:

FormFree empowers consumers to understand their ability to pay and share it with lenders like never before. Using FormFree's Passport® app, consumers can verify all the core financial data required by loan underwriters - including identity, assets, income, employment credit history and cash-flow data - in seconds. Once consumers are ready to transact, they can anonymously share their verified data on the FormFree Exchange (FFX) and receive immediate offers from a marketplace of lenders who fully understand their ability to pay, residual income and eligibility for down payment assistance and inclusive lending programs.

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

X/Twitter: @RealFormFree #mortgage #mortgageindustry #fintech #digitalmortgage @mX

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

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

Advertising and Marketing, Business, Free News Articles

Jenny Moss joins fintech FormFree as director of marketing

ATHENS, Ga. -- FormFree® today announced the appointment of Jenny Moss as its new director of marketing. The timing of the move comes just as the company is launching its Passport® portable financial ID on October 20 and the FormFree Exchange (FFX), an online marketplace where lenders compete for the business of Passport users, later this year.

"We are delighted to have Jenny join our team and build on the great work we've started in introducing our new product directions," said FormFree Founder and CEO Brent Chandler. "This is a pivotal time for our company and an exciting time to be in fintech. Jenny has the energy and mindset to help us move forward strategically as we launch our portable financial Passport for consumers and our Exchange that connects lenders with qualified borrowers."

Moss graduated in 2013 from the University of Georgia with a master of science degree in sport management and policy. She worked two years for the University of Georgia Athletic Association in sports communication before moving in July 2013 to the University of Florida Athletic Association. In August 2014 she joined Mercer University as its assistant director of media relations, serving as the primary point of contact for all public relations initiatives for several men's and women's sports teams.

In May 2017, she moved to Silverton Mortgage in the greater Atlanta area, where she worked as a marketing and communications specialist before joining Atlanta-based Depth PR in November 2018. Moss initially worked as a client services manager at Depth, working her way up into a director's role at the firm. She worked at Depth for a total of five years before moving to FormFree.

"We will certainly miss Jenny. But we're looking forward to seeing her often, just this time she'll be sitting at the client end of the table," said Kerri Milam, president and principal strategist at Depth. "We think this is a strong career move for Jenny - and we know she's joining a great team with lots of 'depth'."

"The launch of Passport and the FormFree Exchange marks an exciting new chapter in fintech," said Moss. "I'm thrilled to be joining FormFree at such a pivotal moment in the company's journey and eager to help execute the team's vision for shaping the future of lending."

About FormFree®:

FormFree empowers consumers to understand their ability to pay and share it with lenders like never before. Using FormFree's Passport® app, consumers can verify all the core financial data required by loan underwriters - including identity, assets, income, employment credit history and cash-flow data - in seconds. Once consumers are ready to transact, they can anonymously share their verified data on the FormFree Exchange (FFX) and receive immediate offers from a marketplace of lenders who fully understand their ability to pay, residual income and eligibility for down payment assistance and inclusive lending programs.

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

For media queries, contact Depth: https://depthpr.com/contact-us/

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, Regional Events

MEDIA ADVISORY: Original ‘Shark Tank’ shark comes to MBA Annual

PHILADELPHIA, Pa. -- Kevin Harrington of "Shark Tank" fame will host a meet-and-greet with attending mortgage professionals and trade press before taking the stage during the Mortgage Bankers Association (MBA) Annual Convention & Expo to introduce Passport®, FormFree's portable financial ID for consumers launching October 20, and the FormFree Exchange (FFX®), the online marketplace where lenders compete for the business of Passport users.

WHO:

* Kevin Harrington, original "Shark Tank" shark and entrepreneur

* Brent Chandler, founder and CEO, FormFree

WHAT:

* Passport is a free service that makes it easy for consumers to quantify their borrowing power and share their verified assets, employment, annual and residual income and rent payment history with their preferred lender in just minutes from any web-enabled device.

* FFX is the online marketplace where lenders compete for the business of Passport users.

WHEN:

* Monday, October 16, during the Mortgage Bankers Association Annual Convention & Expo.

* Meet-and-greet: 2:30-4 p.m. ET at THE HUB booth #713

* Presentation: 4-5 p.m. ET on THE HUB stage

WHERE:

Philadelphia Convention Center

1101 Arch Street, Philadelphia, PA 19107

THE HUB Expo Hall (200 level, Exhibit Hall E)

HOW:

Those not already registered for the MBA Annual Convention & Expo can view registration details here: https://www.mba.org/conferences-and-education/annual-convention-expo.

* To request press credentials, contact:

Falen Taylor, Director of Public Affairs

Mortgage Bankers Association

ftaylor@mba.org

(202) 557-2771

* To request a remote interview (subject to availability), contact:

Leslie W. Colley

Depth for FormFree

leslie@depthpr.com

(678) 622-6229

About FormFree®:

FormFree empowers consumers to understand their ability to pay and share it with lenders like never before. Using FormFree's Passport® app, consumers can verify all the core financial data required by loan underwriters - including identity, assets, income, employment credit history, and cash-flow data - in seconds. Once consumers are ready to transact, they can anonymously share their verified data on the FormFree Exchange (FFX) and receive immediate offers from a marketplace of lenders who fully understand their ability to pay, residual income and eligibility for down payment assistance and inclusive lending programs.

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

About Kevin Harrington:

Harrington is world renowned as the inventor of the infomercial, pioneer of the "As Seen on TV" brand and one of the original "sharks" on the hit ABC show "Shark Tank." He has launched more than 20 businesses that have each grown sales in excess of $100 million as part of a career that has introduced 1,000+ products generating over $6 billion in global sales. His business experience spans the globe, including opening distribution outlets in over 100 countries. For more information, visit https://kevinharrington.tv.

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, Product Launches

FormFree announces first-of-a-kind exchange to connect lenders with qualified borrowers

ATHENS, Ga. -- FormFree today announced the fourth quarter debut of FormFree Exchange (FFX®), a dynamic online marketplace that matches lenders with qualified borrowers for a faster, better and fairer lending experience.

FFX has been meticulously designed to address the challenges facing lenders and borrowers in the modern financial landscape. With interest rates and home prices driving down loan application numbers and the prohibitive costs of lead generation eroding lender profitability, FFX offers a solution that reshapes lending as we know it.

"FormFree Exchange is where lenders meet qualified borrowers," said Brent Chandler, founder and CEO of FormFree. "Our platform represents the future of lending, providing a transparent and efficient way for home, auto and consumer lenders to connect with high-intent borrowers. It's not just about making loans; it's about making lending accessible and profitable for all."

How FFX Works:

FFX eliminates the need for lenders to sift through unqualified or unready leads by providing verified financial data from borrowers who have already demonstrated that they are ready and willing to transact using FormFree's free Passport® service. Lenders receive this data in the form of an anonymous Qualified Borrower (QB) Medallion that empowers them to make competitive loan offers while protecting borrowers' identities until an offer is extended and accepted.

Attributes provided in a QB Medallion include:

* Intent: Understanding the borrower's financial goals and requested loan type and amount

* Assets: Detailed account balances and transaction history

* Income: Validation of typical monthly income and income stability

* Employment: Verification of employment details and payment frequency

* ATP Analytics: In-depth ability-to-pay insights, including cash-flow index, Residual Income Knowledge Index® (RIKI)®, credit score and rent payment history

* CRA & DPA Eligibility: Identification of borrowers eligible for down payment assistance and programs for low-to-moderate income and minority consumers

A More Inclusive Approach

Outdated underwriting standards exclude millions of lendable consumers who have low FICO scores or nontraditional income but can sustainably support a mortgage. By providing a holistic view of each borrower's finances, FFX allows lenders to help more consumers access the loans they need without taking on additional risk.

"Guild Mortgage is proud to be among the ten inaugural FormFree Exchange members who have signed up to be matched with motivated and creditworthy borrowers, many of whom would be weeded out and excluded from financing by traditional lead acquisition routes," said David Battany. "We welcome this transparent model and feel confident in our ability to compete for the business of borrowers that are a good match for Guild."

Lenders are encouraged to join leading institutions like AmeriSave, Developer's Mortgage, Guaranteed Rate, Guild Mortgage, Highland Mortgage, Kind Lending, Paramount Residential Mortgage Group (PRMG), Sage Mortgage, Synergy One Lending and Ready Life in joining the FormFree Exchange.

Sign up today and be part of a transformative marketplace that drives profitability and inclusivity: https://ffx.formfree.com/

About FormFree®:

FormFree empowers consumers to understand their ability to pay and share it with lenders like never before. Using FormFree's Passport® app, consumers can verify all the core financial data required by loan underwriters - including identity, assets, income, employment credit history and cash-flow data - in seconds. Once consumers are ready to transact, they can anonymously share their verified data on the FormFree Exchange (FFX) and receive immediate offers from a marketplace of lenders who fully understand their ability to pay, residual income and eligibility for down payment assistance and inclusive lending programs. 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, Product Launches, Software

FormFree partners with original ‘Shark’ and iconic entrepreneur Kevin Harrington to launch Passport portable financial ID

ATHENS, Ga. -- FormFree® has partnered with serial entrepreneur Kevin Harrington of "Shark Tank" fame to promote Passport®, a free service that makes it easy for consumers to quantify their borrowing power and share their verified assets, employment, annual and residual income and rent payment history with their preferred lender in just minutes from any web-enabled device.

Passport's comprehensive and streamlined approach to verifying borrowers' ability to pay significantly lowers lenders' operational costs, reduces fraud risk and speeds loans along - all while putting borrowers in control of their data and opening up financial inclusivity to the historically underserved.

Harrington's team will support FormFree's October 20 launch of Passport with advisory and marketing services, including the engagement of financial advisors, real estate agents and social media influencers in sharing the service with consumers who are ready to use their credit to achieve financial goals such as consolidating debts or financing the purchase of an automobile or home.

Brent Chandler, founder and CEO of FormFree, pioneered digital asset verification with the 2009 launch of AccountChek®, a service that was used by more than 3,500 mortgage lenders to verify more than $4 trillion in borrower assets before its strategic divestiture to Stewart Information Services Corporation (NYSE: STC) subsidiary Informative Research in March 2023. With the consumer debut of Passport, Chandler aims to transform the lending industry once again with technology that leapfrogs current financing barriers.

"Kevin [Harrington] is a masterful communicator. Together we're reshaping credit access with Passport by giving consumers direct control over their data for the first time," said Chandler. "As we initiate this transformative shift in lending, our focus on low income and minority buyers is unwavering. They are at the heart of this change and stand to reap significant benefits."

"Having to gather and provide dozens of documents just to understand their own borrowing capacity deters countless consumers from applying for financing - and it's a hurdle they have to clear again and again if they want to apply with several lenders and compare offers," added Harrington. "Passport makes it practical for consumers to share their always up-to-date financial data with a marketplace of lenders all at once and consider multiple, competitive offers."

Chandler and Harrington will appear together at the Mortgage Bankers Association Annual Convention and Expo in Philadelphia next week to introduce Passport to mortgage industry participants and preview the FormFree Exchange (FFX), the online marketplace where lenders compete for the business of Passport users.

"This idea is something we've been working on for a while now," said Chandler. "There is already a lot of excitement about how FFX would speed and simplify customer acquisition and help buyers get the best financial products for their needs."

About FormFree®:

FormFree empowers consumers to understand their ability to pay and share it with lenders like never before. Using FormFree's Passport® app, consumers can verify all the core financial data required by loan underwriters - including identity, assets, income, employment credit history and cash-flow data - in seconds. Once consumers are ready to transact, they can anonymously share their verified data on the FormFree Exchange (FFX) and receive immediate offers from a marketplace of lenders who fully understand their ability to pay, residual income and eligibility for down payment assistance and inclusive lending programs.

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

About Kevin Harrington:

Harrington is world renowned as the inventor of the infomercial, pioneer of the "As Seen on TV" brand and one of the original "sharks" on the hit ABC show "Shark Tank." He has launched more than 20 businesses that have each grown sales in excess of $100 million as part of a career that has introduced 1,000+ products generating over $6 billion in global sales. His business experience spans the globe, including opening distribution outlets in over 100 countries. https://kevinharrington.tv/

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

FormFree joins ACUMA as an affiliate member

ATHENS, Ga. -- FormFree® today announced it has joined the American Credit Union Mortgage Association (ACUMA) as an affiliate member. Through its membership, FormFree aims to help credit unions provide more inclusive pathways to homeownership by introducing them to residual income analytics, a methodology for gaining enhanced insight into borrowers' ability to repay loans.

FormFree develops cutting-edge technology that helps lenders better understand credit risk, particularly for historically underserved borrowers that have no credit history, thin credit files and lower credit scores. Passport® enables borrowers to share their Financial DNA with lenders, which is comprised of consumers' direct-source financial data. FormFree's patent-pending Residual Knowledge Income Index™ (RIKI™) enables lenders to assess consumer creditworthiness with an innovative combination of cashflow and residual income analysis - methodologies that support more inclusive credit decisions.

"Credit unions play an important role in helping the communities they serve to build wealth and buy homes," said FormFree CEO Brent Chandler. "It is my hope that joining ACUMA will allow us to enable credit unions to extend financing to more creditworthy members by gaining a deeper understanding of their true ability to pay."

ACUMA is an organization dedicated to helping credit unions optimize their real estate financing services. ACUMA member organizations include federal- and state-chartered credit unions and Credit Union Service Organizations (CUSOs), mortgage insurance companies, secondary market investors and investment banking firms and mortgage technology firms.

"Our organization serves as a vital resource in creating opportunities for credit union professionals and their primary suppliers to network, share knowledge, build relationships and grow market share," said ACUMA President Peter J. Benjamin, CMB. "We are delighted to introduce an extra asset to our members and extend a warm welcome to FormFree."

About FormFree®:

FormFree helps lenders understand credit risk like never before with its patented Passport® product, which opens doors to more inclusive credit decisioning by revealing each customer's true ability to pay (ATP®), and patent-pending Residual Knowledge Income Index™ (RIKI™), an innovative method for evaluating consumer creditworthiness based on residual income analysis. For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

About ACUMA:

The American Credit Union Mortgage Association is a not-for-profit trade association dedicated to credit unions and mortgage lending. ACUMA provides resources and education to credit unions aimed at streamlining performance, processes, and procedures for real estate lending services. ACUMA's goal is to encourage credit unions to help more consumers get fairly priced and safe mortgage loans delivered locally, and in so doing, provide them with a pathway to the American dream of home ownership. ACUMA brings together the shared real estate lending and financing interests of hundreds of credit unions and CUSOs. ACUMA member organizations include federal and state charted credit unions and CUSO, mortgage insurance companies, secondary market investors, investment banking firms, and technology companies. Visit ACUMA's website at https://acuma.org/ for more information.

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

Jonathan Nahil joins FormFree as chief technology officer

ATHENS, Ga. -- FormFree® today announced that it has brought on Jonathan Nahil as chief technology officer (CTO). Nahil possesses more than 20 years of experience as a software architect and leader of development teams at renowned technology organizations.

Previously, Nahil worked at Accenture, where he spent more than a decade as global head of architecture for the Mortgage Cadence suite of enterprise loan origination applications. He has also held senior software leadership positions at publicly traded companies Twilio and Amazon.

Immediately before joining FormFree, Nahil was a software architect at customer service automation platform Ada. His responsibilities included designing software systems, collaborating with senior leadership on strategic initiatives and providing technical guidance to the product development teams.

"I've helped organizations break the status quo with innovative technologies, and I look forward to helping FormFree do just that with products that enable lenders to support financial inclusion and responsible underwriting," said Nahil. "I am honored to be a part of FormFree's mission to build the next generation of the consumer lending experience and expand credit to those not served by the current model."

"Although we come from different backgrounds and have unique specialties, each member of the FormFree team shares a revolutionary spirit - a spirit I recognized in Jonathan Nahil immediately," said FormFree Founder and CEO Brent Chandler. "I can't think of a better person to keep our technology on the leading edge of the mortgage industry's alternative credit revolution."

About FormFree®:

FormFree helps lenders understand credit risk like never before with its patented Passport® product, which opens doors to more inclusive credit decisioning by revealing each customer's true ability to pay (ATP®), and patent-pending Residual Knowledge Income Index(TM) (RIKI(TM)), an innovative method for evaluating consumer creditworthiness based on residual income analysis.

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