Partnership protects and improves the security of financial data shared between lenders and borrowers

BOULDER, Colo., Dec. 14, 2016 —Floify and FormFree today announced a partnership that integrates FormFree’s AccountChek™ asset verification solution with Floify’s mortgage automation technology platform. The partnership enables Floify’s lenders to request, analyze and certify a borrower’s financial data directly from their Floify account, which now integrates with AccountChek. Automated asset verification streamlines the mortgage underwriting process for both borrowers and lenders, who together make up Floify’s 90,000 registered users.

AccountChek by FormFree eliminates the hassle of collecting bank statements and other asset documents for loans by empowering borrowers to digitally submit their financial data directly to lenders in minutes. Fannie Mae recently named AccountChek its first designated vendor for asset verification, and the software is the only patented, third-party solution approved by leading investors to deliver automated asset verification data and reports.

“Borrowers are driving the imperative for lenders to go digital. The availability of secure and intuitive apps for online banking, shopping and travel has created a consumer expectation for replacing cumbersome, manual processes with seamless, digital experiences,” said Brent Chandler, FormFree’s founder and CEO. “Our asset verification solution, part of the Day 1 Certainty initiative recently introduced by Fannie Mae, reduces the verification of assets to a simple, smart, secure code. This partnership with Floify is yet another advancement in the digital revolution.”

In addition to the latest alliance with Atlanta-based FormFree, Floify’s software platform integrates with Ellie Mae’s Encompass® loan origination system (LOS) as well as DocuSign, Veri-Tax and leading business technology platforms such as Dropbox, Slack, Box, Google Drive and Microsoft Azure. The platform also securely verifies borrower assets from more than 15,000 top banking institutions, including Citibank, Charles Schwab, Goldman Sachs, Morgan Stanley and Chase.

“Our customers rely on us to provide software that not only allows them to scale loan production, but does so with the highest level of security and compliance available in the industry,” stated Dave Sims, Floify’s founder and CEO. “The partnership with FormFree helps us continue to deliver on that trust.”

About Floify

Floify (floify.com) is a mortgage solutions SaaS platform that streamlines the mortgage process by providing a secure communication and document portal between lenders, borrowers, referral partners, and other mortgage stakeholders. Loan Originators use the platform to collect and verify borrower documentation, track loan progress, communicate with borrowers and real estate agents, and close loans faster. The company is based in Boulder, Colorado and is privately held.

About FormFree

Leading lenders trust Atlanta-based FormFree (http://www.formfree.com) to deliver automated verification solutions that streamline the loan origination process and provide better intelligence on borrowers’ ability to repay. FormFree’s flagship app, AccountChek™, eliminates the hassle of collecting paper statements from borrowers by using direct-access data untouched by human hands to consolidate, analyze and verify assets. Lender tested and GSE approved, AccountChek securely delivers automated asset verification data and on-demand reports to more than 350 leading U.S. lenders and their millions of customers.