Asset Verification Services
After the CIS client places the Asset Verification request, the consumer immediately receives AccountChek email, instructing them to:
Login & Authorize: consumer selects link in email to login and agree to the terms & conditions.
Connect & Verify: consumer links their financial institutions & validates access to accounts, adding accounts, if needed.
Following consumer submission, CIS client receives email notification that deposit/asset report is ready for retrieval.
CIS delivers Asset Verification, completely replacing the need to collect paper banking & brokerage statements! Direct source validation stops fraud, saves time and saves cost! An average of 5 hours is spent, per loan, on asset document collection. Review and verification of the same document occurs multiple times during underwriting, a process which is slow, costly, and riddled with fraud and oversights. CIS Asset Verification provides account monitoring & account history options, and is accepted by Fannie Mae, Freddie Mac and nearly all investors, nationwide. CIS Asset Verification (VOD) is approved for Fannie Mae’s Day 1 Certainty program.