The integration means home buyers who apply for mortgages on the self-service Encompass Consumer Connect platform can have their assets quickly and securely verified without uploading statements.
An extension of the Encompass mortgage management solution, Encompass Consumer Connect enables lenders to deliver a completely branded and unique self-service online loan origination experience for home buyers.
The seamless integration with AccountChek allows Encompass Consumer Connect users to verify and share asset and deposit information with their lenders in seconds without uploading bank statements, FormFree says in a release.
AccountChek is also the first provider of asset verification to participate in Fannie Mae’s Day 1 Certainty initiative, which gives lenders who use the Desktop Underwriter Validation Service reps and warrants relief for validated components of a loan.
“FormFree is delighted to partner with Ellie Mae once again,” says Brent Chandler, founder and president of FormFree, in the release. “AccountChek has been an integrated part of Encompass since 2014. With our expansion into the newly introduced Consumer Connect, home buyers can experience a truly streamlined self-service loan application process.”