Skip to main content

FormFree Holdings Adds Jay Meadows to Its Board of Directors
Jan 06, 2016
FormFree Holdings Corporation has announced that Jay Meadows, a pioneer in borrower verifications for the mortgage industry, has joined the company’s board of directors

FormFree Holdings Corporation has announced that Jay Meadows, a pioneer in borrower verifications for the mortgage industry, has joined the company’s board of directors. An eminent fraud expert, Meadows is responsible for several key innovations that are in widespread use by mortgage lenders today. As founder of Rapid Reporting Verification Company, a provider of borrower income verifications for lenders that was later acquired by Equifax, Meadows worked with the IRS to reduce the lengthy process of retrieving borrowers’ tax transcripts from two weeks to just 24 hours. Rapid Reporting was also the first company to authenticate the identities of mortgage borrowers against the Social Security Administration’s (SSA) database, eliminating another avenue for potential fraud. A frequent speaker at industry meetings and fraud conferences, Meadows has been named to Mortgage Banking magazine’s list of IT All-Stars in recognition of his contributions to the industry.

“Given his many industry accomplishments and expertise in our particular market, Jay is a perfect fit to serve on our board,” said Brent Chandler, founder and CEO of FormFree. “Jay is not only a proven innovator in the area of borrower verifications, he knows what it takes to build industry adoption of technology. His experience and guidance will be invaluable to our future success.”

FormFree’s flagship technology, AccountChek collects data directly from virtually any financial institution and generates reports in just minutes, creating enormous time savings in the mortgage origination process while eliminating the need for borrowers to submit paper bank statements.

“Very few technology companies have the potential to change an entire industry. FormFree is one of them,” said Meadows. “When coupled with other proven products, AccountChek is a much broader tool than income verification because of the extraordinary wealth of asset and income data that it collects, analyzes and delivers. Most importantly, it virtually eliminates the potential for fraud in the borrower approval process. I’m a big believer in FormFree’s mission to make lending a faster, safer and more confident experience for everybody.” 

Mortgage Lenders Expect Profit Margins To Shrink

69% of lenders believe profit margins will decrease in the months ahead, while 19% believe profits will remain the same, and 11% believe profits will increase.

Industry News
Jun 14, 2021
Real Estate Industry Calls To End Eviction Moratorium On June 30, 2021

Expanding the moratorium will only increase levels of debt on renter households and impede the recovery of the housing sector.

Industry News
Jun 14, 2021
Fifth Third Bank Expands Down Payment Assistance Program

The program will provide up to $3,600 towards a down payment for families with low to moderate income.

Industry News
Jun 09, 2021
Filo Mortgage Launches Low-Rate Guarantee

National mortgage lender Filo Mortgage is offering to beat competitors' pricing by $1,000 with its Low-Rate Guarantee.

Industry News
Jun 08, 2021
FAU Index Shows Where Consumers Should Buy Or Rent

Consumers are better off renting in cities like Dallas, Texas

Industry News
Jun 07, 2021
Verus Title Inc. Expands Into Dallas-Fort Worth Texas

Verus plans to take advantage of the Dallas-Fort Worth market before expanding throughout the state.

Jun 07, 2021