Important information regarding the recent SolarWinds Orion Vulnerability (CVE-2020-13169):
FormFree does not utilize the SolarWinds Orion monitoring platform and hence we are not impacted by the CVE-2020-13169 vulnerability.
Industry-wide log in issues may be impacting the AccountChek user experience. This is due to many banks and credit unions experiencing online banking issues related to the nationwide stimulus checks. A large volume of bank customers are attempting to log-on to their bank account to check the status of their stimulus check. This increased volume in bank account inquiries has impacted our ability to connect and access data needed for AccountChek reports.
Borrowers attempting to use AccountChek may have difficulty logging in or may experience longer wait times. We are actively monitoring the situation and will send an update when the situation improves. Thank you for your patience.
Attention: Please check out our new status page at status.formfree.com for the current status of AccountChek.
June 2020 Release Notes - ACCOUNTCHEK PLUS release!
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Cindy Snow
DEPLOYED TO PRODUCTION June 23, 2020
AccountChek Plus report
Summary
FormFree released the AccountChek Plus report on June 23, 2020. The new AccountChek Plus report is one report with three verifications: asset, income, and employment – all driven from secure, consumer-permissioned access to the borrower’s bank account data. [Download a sample AccountChek Plus report at the bottom of this page.]
No new actions are required from the borrower or lender to capture AccountChek Plus data; the new report is generated from the existing AccountChek Verification of Asset (VOA) process. Currently, the VOA portion of this report is eligible for rep and warrant relief through the Fannie Mae Day 1 Certainty's Desktop Underwriter(r) (DU) Validation Service (DVS) and Freddie Mac Loan Product Advisor (r) Asset Income Modeler (AIM) programs.
What to Expect in the AccountChek Plus report
The new AccountChek Plus report includes analysis of income and employment, a high-level asset summary, and the full VOA. There is one AccountChek Plus report per borrower. The VOA portion of the report remains unchanged; the VOA portion is eligible for rep and warrant relief through the Fannie Mae D1C and Freddie Mac AIM programs.
There are 6 main sections in the AccountChek Plus report, all delivered to the lender in one PDF file:
The AccountChek Plus report includes the VOA report and is delivered in the same PDF file as the VOA:
The standard VOA report is unchanged. Please note: Lenders whose asset data is validated through AccountChek Day 1 Certainty® from Fannie Mae and Freddie Mac's Loan Product Advisor Asset-Income-Modeler (AIM) may receive rep and warrant relief. Income and employment are not eligible.
How to Gain Access to AccountChek Plus
For lenders already receiving the AccountChek VOA report, a simple configuration change on the FormFree side will turn on instant access to the AccountChek Plus report. No additional integration or technical changes are required from the lender.
Please contact your FormFree account rep or customersuccess@formfree.com to sign up for AccountChek Plus and discuss any contract or pricing details.
FormFree account representatives:
Christy Moss cmoss@formfree.com
Gregg Palmer gpalmer@formfree.com
Shawn Crawford scrawford@formfree.com
Laura Graben lgraben@formfree.com