Athens’s Based FormFree chosen to provide asset verification for Fannie Mae (HousingWire)



ATHENS, GA– December 2016– FormFree recently announced that Fannie Mae has chosen it as the first “designated vendor” for asset verification through Desktop Underwriter.

Fannie Mae named AccountChek by FormFree its first designated vendor for asset verification, extending reps and warrants relief to lenders who use AccountChek through Fannie’s Desktop Underwriter Validation Service. Guild Mortgage has chosen its AccountChek asset verification service for automated borrower asset review and decision support. AccountChek eliminates the hassle of collecting bank statements and other asset documents for loans by empowering borrowers to submit their financial data directly to lenders in minutes using a secure app.

As part of the Day 1 Certainty program, Fannie Mae will offer “enforcement relief of certain representations and warranties for validated components,” with relief specifically for asset verification that takes effect on Dec. 10.

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