Subscribe
Logo
Logo
  • Topics Icon Topics
    • AI Icon AI
    • Banking Icon Banking
    • Blockchain/DeFi Icon Blockchain/DeFi
    • Embedded Finance Icon Embedded Finance
    • Fraud/Identity Icon Fraud/Identity
    • Investing Icon Investing
    • Lending Icon Lending
    • Payments Icon Payments
    • Regulation Icon Regulation
    • Startups Icon Startups
  • Podcasts Icon Podcasts
  • Products Icon Products
    • Webinars Icon Webinars
    • White Papers Icon White Papers
  • TechWire Icon TechWire
  • Search
  • Subscribe
Reading
FormFree and Finastra partner for easy mortgage underwriting
ShareTweet
Mortgage online FormFree Finastra
Home
Banking
FormFree and Finastra partner for easy mortgage underwriting

FormFree and Finastra partner for easy mortgage underwriting

Kevin Travers·
Fintech
·Aug. 30, 2022·2 min read

Last week, Finastra partnered with FormFree to streamline e-borrowing for mortgage lenders.

FormFree’s “AccountChek” automated employment and income verification process will fit into Finastra’s Mortgagebot underwriting product.

Headshot of Brent Chandler
CEO of FormFree Brent Chandler

The CEO of FormFree, Brent Chandler, said the partnership makes optimization of the borrower verification process easier for both products.

“Notably, the integration makes it easier for lenders to support the government-sponsored enterprises’ verification initiatives that help expand access to homeownership and streamline processes without incurring the additional risk,” he said. “Combined, Finastra and FormFree’s technologies and a shared vision for fair and inclusive access to home financing will help lenders deliver an elevated borrower experience.”

Faster, transparent data underwriting

The London-based fintech software company said integrating FormFree’s tech into the Fusion Mortgagebot saves users time by making the verification process faster.

AccountChek learns borrower background through user permission data on assets, income, and employment. The firm said that the program feeds data into an underwriter-friendly report for lenders to know with complete transparency to make better mortgage decisions.

MortgageBot by Finastra
Mortgagebot by Finastra

FormFree said that better data shrinks the gaps in the system that fraudulent applications could get through. Steve Hoke, VP of Mortgage and Origination at Finastra, said mortgage underwriting is typically labor intensive, but the new combined solutions streamline the process.

“For both lenders and borrowers, this added verification capability to our lending solution will have a significant impact on the loan cycle, creating a more efficient, secure, and inclusive process,” he said.

The FormFree integration is available now for Fusion Originate Mortgagebot and Fusion MortgagebotLOS users in the Americas, Finastra said.

Two SaaS companies

FormFree said it offers direct-source VOA and VOI/E data to help lenders understand credit risk like never before. Their AccountChek and Passport products “open doors to more inclusive credit decisioning” by revealing each customer’s ability to pay. the firm has provided $3 trillion in loan verifications since inception.

Finastra is a global provider of fintech SaaS. It serves institutions of all sizes across lending, payments, treasury & capital markets, and retail & digital banking. Using Mortgage Bot, the firm said customers complete 69% more applications and realized twice the revenue with the same staff. They also argue the platform reduces connection time to third-party systems by 95%.

The firm is trusted by about 8,600 institutions, including 90 of the world’s top 100 banks.

Related:

  • Podcast 223: Steve Hoke of Finastra
  • Onfido’s Real Identity Platform expansion improves fraud accuracy, fully automated performance
  • Lendflow taps Ocrolus for lending decisions
  • Kevin Travers
    Kevin Travers

    Intensely energetic news reporter asking questions covering the collision between Silicon Valley, Wall Street, and everywhere in-between. Studied history at the University of Delaware, learned to write at the Review, and debanked.

    View all posts

Tags
FinastraFormFreelendingMortgage
Related

Embedded lending’s many considerations

Jifiti is shaping embedded finance

milo podcast

The Fintech Coffee Break – Josip Rupena, Milo

real world asset tokeinzation

Real-world asset tokens – a ‘killer use case’ for blockchain

Popular Posts

Today:

  • Ahead of AIOutsmart Pricing Objections Before They Arise with AI Jul. 1, 2025

This month:

  • WP UmbrellaTo Bank or Not to Bank: The ILC Question Jun. 5, 2025
  • DanMurphy-FN-headshotCFPB’s Next Open Banking Battle Begins Jun. 3, 2025
  • GreenliteAI-Alex-WillGreenlite AI is on a mission to revolutionize banking compliance Jun. 10, 2025
  • Current stablecoin adoptionWhy Banks (and Fintechs) Need to Embrace Stablecoins Today Jun. 12, 2025
  • ai-work-nexusWalkMe Vets Declare War on SaaS Bloat with $10M Seed for Autonomous Agents Jun. 10, 2025
  • Ben Hemani, Founding Partner at Bison VenturesThe Risk and Reward of Betting Big on AI’s Next Frontier Jun. 4, 2025
  • Jon StonaTips from Airwallex x McLaren on Making the Best of a Fintech Sponsorship  Jun. 18, 2025
  • Ironclad State of AI ReportThe Economics of AI Trust Jun. 11, 2025
  • Email-AI-pieceAvatar CEOs Have Entered the Meeting Jun. 18, 2025
  • TechNexus The AI IssueMeeker’s AI Bombshell + The VC Betting on AI Reshaping The Physical World  Jun. 4, 2025

  • About
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms
Subscribe
Copyright © 2025 Fintech Nexus
  • Topics
    • AI
    • Banking
    • Blockchain/DeFi
    • Embedded Finance
    • Fraud/Identity
    • Investing
    • Lending
    • Payments
    • Regulation
    • Startups
  • Podcasts
  • Products
    • Webinars
    • White Papers
  • TechWire
  • Contact Us
Start typing to see results or hit ESC to close
lis digital banking USA Lending Club UK
See all results