Sentences with phrase «automated verification of income»

Automated verification of income and other financial details cuts time and effort from the process

Not exact matches

«Mulvaney is saying there's a difference between a Rocket Mortgage loan and a loan from a credit union, and I say bunk,» said Brent Chandler, founder and CEO of Formfree Holdings, which provides automated verification of a borrower's income and assets, eliminating paper verification to prevent fraud.

But other mortgage experts pushed back on the idea that a digital mortgage that uses automated verification of a borrower's assets and income is more risky than a home loan originated by a smaller institution that may rely on intangible factors.