Lykken On Lending

7-26-2021 Truth in direct-source data

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Synopsis

In our Hot Topic this week we have BRENT CHANDLER, Founder and CEO @ FormFree When FORMFREE entered the business of capturing data, it became really apparent that the consumer was the common denominator in the loan. The consumer was the risk factor in the loan and the consumer was that really the important element to understanding whether or not a loan could be provided; and in the industry, there's an old Reaganomics, statement “trust, but verify” and in doing that we were effectively capturing the book of record or what we call the source data… listen to today's Hot Topic to find out more on why this is important to the mortgage industry!!  Read on to find out more here!