MX Helps FormFree Speed Up Loan Approval Process and Close M

MX Helps FormFree Speed Up Loan Approval Process and Close More Than 1 Million Loans


MX Helps FormFree Speed Up Loan Approval Process and Close More Than 1 Million Loans
- Improved customer experience powered by MX was a key driver in a greater than 100% lift in FormFree revenue in 2020
- MX speeds up time for FormFree's consumers to connect to their financial institutions by 89% to 22 seconds from an average of 3 minutes and 30 seconds
- Streamlining loan origination and quality assurance provides better, data-driven intelligence on borrowers to FormFree's financial institution customers
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SILICON SLOPES, Utah, April 13, 2021 /PRNewswire/ -- MX, the leader in modern connectivity and data enhancement for financial institutions, fintechs and organizations everywhere, today announced it has implemented API and token-based connections with FormFree, the leader in digital asset verification. FormFree improves lenders' ability to make more informed decisions about borrowers and minimizes lenders' risk while creating a seamless loan application experience for borrowers. By using MX's modern connections, the average aggregation time for FormFree connections decreased by 89 percent to 22 seconds from an average of 3 minutes and 30 seconds.

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