To ensure that the AccountChek functionality is beneficial for both borrowers and Guaranteed Rate employees, the two companies formed a strong partnership, which included ongoing customer support from FormFree. 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ATLANTA, Ga., June 27, 2017 (SEND2PRESS NEWSWIRE) -- FormFree(R) today announced that Guaranteed Rate, Inc. ("Guaranteed Rate"), one of the nation's largest independent retail mortgage companies, has selected AccountChek(R) by FormFree for automated asset verification. A majority of their customers now use AccountChek when applying for a mortgage, paperwork needed from the borrower is reduced, and those applications close approximately four days faster. Once a borrower’s assets are validated, we can direct them down a different underwriting path, which makes things move more swiftly and delivers a better borrower experience. From day one, the insurance experts have been customer friendly, knowledgeable and just plain awesome. Partnerships, training and strategic marketing drive DU validation service success. First, they made it available only to a core group of loan officers in order to gather feedback and identify any trouble-shooting that needed to be addressed before rolling out to the broader team. Does technology REALLY change the mortgage process THIS will blow your mind Marcel Deitrich 972.672.3246 NMLS #231135 By. As an organization focused on customer experience and technology, Guaranteed Rate was seeking ways to improve their offerings and recognized the benefits that Fannie Mae’s Day 1 Certainty® could provide. This speeds up our underwriting review and gives us greater confidence in our ability to sell the loan,” he adds. Guaranteed Rate realized they had an opportunity to leverage the Desktop Underwriter® (DU®) validation service within their online loan application platform, Digital Mortgage, which receives the majority of their applications. Understanding that some loan officers could be hesitant to use digital asset verification because, in certain circumstances, some borrowers may still be required to provide asset statements, training was provided on how to clarify this for borrowers and update applications to collect additional statements. FormFree(R) today announced that Guaranteed Rate, Inc. (“Guaranteed Rate”), one of the nation’s largest independent retail mortgage companies, has selected AccountChek(R) by FormFree for automated asset verification. Get answers to your policy and guide questions, straight from the source. Faster than gathering paper documents and easy to use on any device, AccountChek significantly streamlines the mortgage underwriting process for both borrowers and lenders, resulting in quicker decisions and higher borrower satisfaction. 0. A series of internal videos were created, where loan officers gave demos of the technology and showed what the borrower experience looked like, so that employees grew comfortable with the new process. As of 2021, the company has more than 9,000 employees and … The partnership enables loan officers at Guaranteed Rate to offer their clients a faster and more accurate alternative to scanning and uploading asset statements. The Result. FormFree recently announced that Guaranteed Rate, Inc. has selected AccountChek by FormFree for automated asset verification. The partnership enables loan officers at Guaranteed Rate to offer clients a faster, safer and more accurate alternative to scanning and uploading asset statements, the company says. FormFree has announced that Guaranteed Rate Inc. has selected AccountChek by FormFree for automated asset verification. Guaranteed Rate decided to work with FormFree® to integrate its AccountChek® Asset Report into Digital Mortgage to offer borrowers a digital solution for asset verification. Guaranteed Rate Selects AccountChek for Asset Verification. Suzee Quanta is the lead content editor for Mortgage & Finance News magazine, responsible for quality control and uptime. https://mortgageandfinancenews.com. -. Suzee Quanta. Atlanta-based FormFree says retail mortgage lender Guaranteed Rate Inc. has chosen its AccountChek application for automated asset verification. Guaranteed Rate Adopts Automated Asset Verification from AccountChek July 5, 2017 FormFree recently announced that Guaranteed Rate, Inc. has selected AccountChek by … In using AccountChek, loan officers at Guaranteed Rate will be able to offer their clients a faster, safer, and more accurate alternative to scanning and uploading asset statements. The partnership enables loan officers at Guaranteed Rate to offer their clients a faster, safer and more accurate alternative to scanning and uploading asset statements. 244 were here. “We saw the vision as to how Day 1 Certainty could impact the borrower experience downstream, to streamline the process to make our borrowers’ experience better,” said Brad Lando, Senior Vice President, Strategic Development.*. Super users were identified and asked to share strategies and workflows. Guaranteed Rate is a nationwide mortgage lender that specializes in financing purchase loans for more highly qualified borrowers. In using AccountChek, loan officers at Guaranteed Rate … Guaranteed Rate decided to partner with AccountChek ® by FormFree ®, the first automated asset verification service to be approved for Day 1 Certainty. Guaranteed Rate and FormFree announced Tuesday that Guaranteed Rate is now closing mortgages between five and 10 days faster than its previous average thanks … By integrating digital asset verification into Digital Mortgage, they could advance their technology while also working to eliminate the cumbersome process that borrowers experience when collecting and submitting paperwork. Amanda Fava. “FormFree recently announced that Guaranteed Rate, Inc. has selected AccountChek by FormFree for automated asset verification. AccountChek’s intuitive app lets borrowers securely link to their banking, retirement and investment accounts and share the asset and deposit data needed to qualify for a loan. The partnership enables loan officers at Guaranteed Rate to offer their clients a faster, safer and more accurate alternative to scanning and uploading asset statements. “AccountChek saves borrowers the extra 20 minutes it takes to collect and upload paper statements, but it also does much more than that: It streamlines the entire loan process,” says Nikolaos Athanasiou, chief operating officer at Guaranteed Rate. FormFree recently announced that Guaranteed Rate, Inc. has selected AccountChek by FormFree for automated asset verification. Guaranteed Rate, Inc. is an Equal Opportunity Employer that welcomes and encourages all applicants to apply regardless of age, race, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason prohibited by law. AccountChek's standardized, GSE-ready asset report speeds underwriting review and delivers greater purchase certaintyATLANTA, June 27, 2017 /PRNewswire/ -- FormFree® today announced that Guaranteed Rate, Inc. ("Guaranteed Rate"), one of the nation's largest independent retail mortgage companies, has selected AccountChek® by FormFree for automated asset verification.The … the AccountChek functionality is beneficial for both borrowers and roles at Guaranteed Rate, and our borrowers, are seeing positive Guaranteed Rate employees, the two companies formed a strong partnership, which included ongoing customer support Guaranteed Rate decided to work with FormFree® to integrate its AccountChek® Asset Report into Digital Mortgage to offer borrowers a digital solution for asset verification. The partnership enables loan officers at Guaranteed Rate to offer their clients a faster, safer and more accurate alternative to scanning and uploading asset statements. 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