Company plans to integrate AccountChek's asset, income and employment verification into its platform
Stewart Information Services Corporation has announced its acquisition of AccountChek, a digital asset, income, and employment verification platform previously offered by FormFree.
Through its subsidiary Informative Research (IR), Stewart acquired AccountChek for an undisclosed amount. Stewart CEO Fred Eppinger said they plan to combine the two platforms to “simplify the lending process and improve closing ratios.”
“We are continually investing in our capabilities to better serve customers,” said Eppinger. “We view improving consumer financial equity, including homeownership, as a key part of the work that we do, across all our business lines.”
The combined IR and AccountChek platform lets users digitally verify consumer financial data, including credit, income, employment, and assets. It also allows customer to streamline their loan underwriting process, efficiently qualify borrowers, improve closing ratios, and expand access to mortgage credit.
“This is an exciting day for the IR team, as we gain the experienced, knowledgeable, and well-respected AccountChek team,” said Informative Research president Sean Buckner in a statement. “The AccountChek platform supports IR in providing customers with unmatched analytics and verification solutions. The combined platform, including AccountChek, creates additional opportunities to streamline loan processes while ensuring business continuity for existing customers.”
“We’re leaving AccountChek in great hands, and we look forward to continued partnership with IR during our next chapter as we work to create new avenues for lenders to responsibly serve credit invisibles and other underserved populations,” said FormFree founder and CEO Brent Chandler.
The move comes after Stewart’s acquisition of title agency BCHH in December. BCHH provides title insurance and settlement services for both residential and commercial properties.
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