FormFree Holdings Corp. has announced that Wells Fargo will accept its AccountCheck Asset Report for all product types for correspondent delivery.
Wells made the announcement in its Jan. 26 “Newsflash” bulletin, FormFree said in a news release. FormFree is a provider of automated deposit and asset verifications.
“We are delighted to receive official acceptance and be named in Wells Fargo’s recent Newsflash publication,” FormFree CEO Brent Chandler said in the release.
The announcement follows approvals from groups including Fannie Mae, Freddie Mac, Chase, PennyMac, and others.
AccountChek collects data directly from virtually any financial institution and provides lenders and investors with ATR/QM compliant electronic verifications in a format generated within minutes. Designed to be used in tandem with credit reports, the AccountChek Asset Report includes a borrower’s running balances, deposits and withdrawals, non-sufficient funds and large deposit notifications and many other details.