After the CIS client places the Asset Verification request, the consumer immediately receives AccountChek email, instructing them to:

First:

Login & Authorize: consumer selects link in email to login and agree to the terms & conditions.

Second:

Connect & Verify: consumer links their financial institutions & validates access to accounts, adding accounts, if needed.

Third:

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.