Black Knight Financial Services has integrated FormFree’s automated asset verification service with its loan origination system, the companies announced.
The integration will enable Black Knight’s LoanSphere Empower users to submit asset and deposit information using FormFree’s AccountChek app in place of account statements. LoanSphere Empower allows lenders to originate both first mortgages and home equity loans and lines of credit on a single system.
“One of the many ways LoanSphere Empower helps lenders remain competitive is through seamless integrations with industry leading capabilities like AccountChek,” Black Knight Origination Technologies and Enterprise Business Intelligence Division President Jerry Halbrook said in a release. “Automated asset verification through AccountChek can reduce the loan approval process by days.”
AccountChek’s mobile app connects with financial institutions to consolidate, analyze and verify assets and deposits.
“Black Knight shares our belief that a better borrower experience can co-exist with a more efficient, accurate and profitable lending workflow,” FormFree founder and President Brent Chandler said.
“With AccountChek, LoanSphere Empower users relieve their customers of the burden of manual document submission while benefitting from the speed and accuracy of systematized asset review and analysis.”