Crosscountry Mortgage, Inc. adopts ACCOUNTCHEK for automated deposit and asset verifications
Leading automated VOD provider helps move innovative mortgage banker closer to paperless loans
ATHENS, GA (November 11, 2013) — Crosscountry Mortgage, Inc., an innovative mortgage banker that uses web-based tools to facilitate a streamlined loan process, has entered into an agreement with FORMFREE to use ACCOUNTCHEK, the mortgage industry’s leading automated solution for verification of deposit and asset (VODA). ACCOUNTCHEK will enable the company to more rapidly close loans and move closer to creating a totally paperless loan process.
Used by mortgage lenders and other providers of consumer credit, ACCOUNTCHEK is the only technology on the market that automates the verification of a borrower’s deposits and assets in the loan process by providing instant digital statements from more than 15,000 financial institutions. ACCOUNTCHEK delivers VODA reports in minutes through a secure web and mobile portal, eliminating the need for borrowers to submit paper copies of bank statements and investment statements, improving the customer experience while reducing loan file errors, and eliminating the risk of falsified bank statements.
“We believe that customer service and the overall customer experience is paramount in the loan process. Utilizing the ACCOUNTCHEK service will help us to continue to deliver on that commitment by providing efficient service and reducing the time to close,” said Ronald J. Leonhardt, Jr., founder and CEO of Crosscountry Mortgage, Inc.
“We’re thrilled to be supporting Crosscountry Mortgage’s commitment to customer service as well helping them deliver fast and accurate loan files through ACCOUNTCHEK,” said FORMFREE Founder & CEO Brent Chandler. “We look forward to a long and productive relationship.”
FORMFREE, the creator of ACCOUNTCHEK, was recently named winner of the 2013 Mortgage Technology Fix-It Award for its advancement of fraud prevention and pioneering digital replacements to paper based processes. For more information about ACCOUNTCHEK, visit www.ACCOUNTCHEK.com.
About Crosscountry Mortgage, Inc.
Crosscountry Mortgage, Inc. is a Fannie Mae and Ginnie Mae Approved Seller/Servicer and full service mortgage banker licensed in 48 states. The company focuses on delivering superior customer service and a full range of mortgage products, differentiating it from other mortgage brokers and lenders. Crosscountry Mortgage, Inc. is committed to using the most advanced mortgage technology available to guarantee their customers save money and close loans quickly. From start to finish, the average loan closes within 28 days or less. In 2012 alone, the company processed over 7,500 loan applications across 55 branches. For more information about Crosscountry Mortgage, Inc., visit www.myccmortgage.com.
FORMFREE is a privately-held technology provider that specializes in helping financial institutions determine the ability of their customers to pay back loans. FORMFREE has partnered with Equifax and other industry-leading credit and financial service providers to collect, analyze and certify data to help customers make better lending decisions. Their flagship product is ACCOUNTCHEK, an automated verification of deposits and assets solution. The company was founded in 2008 and is based in Athens, Georgia. For more information, visit www.FORMFREE.com.