Calyx has integrated AccountChek by FormFree’s automated asset verification platform into its Zip point-of-sale solution, the companies announced.
With this integration, brokers and financial institutions that use Zipnow can take advantage of a simplified verification process. AccountChek uses augmented intelligence and more than 1,000 proprietary algorithms to generate digital verification of assets. FormFree said it was the first electronic asset validation solution to be accepted for Fannie Mae’s Day 1 Certainty program.
“We designed AccountChek to eliminate the drawn-out process of collecting critical financial data from borrowers,” FormFree founder and CEO Brent Chandler said in a release. “By integrating with Calyx, we’re helping more mortgage originators verify assets, income and employment efficiently and effectively while also improving customer satisfaction.”
Calyx provides comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders and brokers.
“Calyx is dedicated to providing brokers and financial institutions with easy-to-use technology that helps them remain competitive and achieve greater success,” Calyx Director of Marketing Patrice Power said. “Our integration with FormFree allows brokers and financial institutions to provide borrowers with the ability to initiate the asset verification process at the point of sale — improving the borrower experience by automating and accelerating loan decisioning.”