Informative Research (IR), a subsidiary of Stewart Information Services Corporation (NYSE:STC), today announced the acquisition of the AccountChek® platform previously offered by FormFree. AccountChek is a digital verification of asset, income and employment service that drives insight into a consumer’s financial profile and is available to customers through multiple channels.
“At Stewart, we are continually investing in our capabilities to better serve customers. We view improving consumer financial equity, including homeownership, as a key part of the work that we do, across all our business lines,” said Fred Eppinger, Stewart CEO. “IR’s vision through the combined platform is to simplify the lending process and improve closing ratios.”
The combined IR platform and AccountChek platform creates a single solution to digitally verify consumer financial data, including credit, income, employment, and assets. The solution will allow customers 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. The AccountChek platform supports IR in providing customers with unmatched analytics and verification solutions,” said Sean Buckner, President, Informative Research. “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.
Source: Company Press Release