FormFree, a provider of automated asset, income and employment verification solutions to mortgage lenders, reports that it has received a U.S. Patent for its approach to credit decisioning.
FormFree says its technology, which analyzes direct-source financial data to determine a consumer’s ability to repay any type of loan, offers a more accurate and comprehensive measurement of ability to pay (ATP) than traditional credit scoring. Read the full story in MortgageOrb.