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VanDyk Mortgage Encourages Borrowers to Automate Asset Verification Using AccountChek by FormFree to Speed Mortgage ClosingsATHENS, Ga., Oct. 16, 2017 /PRNewswire/ -- FormFree® today announced that VanDyk Mortgage Corporation (VanDyk Mortgage) has selected its flagship AccountChek® service for automated asset verification. Loan officers at VanDyk have already begun offering AccountChek as an alternative to manual, paper-based asset verification. In addition, borrowers can choose AccountChek as a faster alternative to uploading bank statements when using VanDyk's self-service mortgage portal, powered by Ellie Mae®'s Encompass Consumer Connect™. AccountChek eliminates the hassle of gathering asset documents for loans by letting consumers easily and securely transmit their online banking, retirement and investment account data for automated analysis. In just minutes, AccountChek delivers asset data to lenders in a standardized report along with a ReIssueKey™ that enables secure and streamlined sharing with the secondary market. The result is an easier, safer and more accurate process that closes loans up to 15 days faster. "VanDyk Mortgage embraces technology's role in enhancing borrower communication and improving the overall mortgage experience," said Jeanie Nivison, Chief Operating Officer of VanDyk Mortgage. "As we prioritize adoption of automated asset verification throughout our organization, we expect AccountChek's uniform asset report to enable faster processing and underwriting times. At the end of the day, we'll be able to close loans days sooner, which is a real win for both VanDyk and our customers." "We are delighted to partner with VanDyk Mortgage to bring automated asset verification to its loan officers and their customers," said FormFree Funder and CEO Brent Chandler. "We believe AccountChek delivers appreciable value to lenders like VanDyk that place a priority on an efficient and consumer-friendly mortgage transaction." VanDyk Mortgage is a Fannie Mae direct lender, a seller and servicer of Freddie Mac and Ginnie Mae loans and an early adopter of Fannie Mae's landmark Day 1 Certainty™ program, which speeds mortgage underwriting and reduces lender risk by providing freedom of representations and warranties on key aspects of the mortgage origination process. FormFree was a pilot participant in Day 1 Certainty and the initiative's earliest approved asset verification provider. About FormFree® About VanDyk Mortgage Corporation IMAGES FOR MEDIA: This release was issued through Send2Press®, a unit of Neotrope®. For more information, visit Send2Press Newswire at https://www.Send2Press.com
View original content:http://www.prnewswire.com/news-releases/vandyk-mortgage-encourages-borrowers-to-automate-asset-verification-using-accountchek-by-formfree-to-speed-mortgage-closings-300537192.html SOURCE FormFree |