IndiSoft Partners with FormFree
Friday, March 31st, 2023
FormFree today announced that developer of collaborative solutions for the housing finance industry, IndiSoft, is leveraging FormFree’s Passport to enable HUD-approved housing counseling agencies (HCAs) to provide more effective and expeditious consumer counseling.
IndiSoft’s National Housing Advocacy Platform (NHAP) seamlessly connects thousands of HUD-certified housing counselors with mortgage lenders, servicers and investors. Passport is an app that enables consumers to electronically share their Financial DNA — which is made up of direct-source identity, asset, income, employment, public records, credit and rent payment data — with financial professionals. Integrating Passport with IndiSoft’s HUD-certified client management system, RxOffice CMS, enables housing counselors to advise consumers more efficiently and increase the number of successful consumer outcomes.
HCAs provide an array of counseling services, including pre-purchase, foreclosure prevention and reverse mortgage counseling, and are playing an increasingly vital role in expanding affordable homeownership among low-to-moderate income borrowers and borrowers of color. The HUD Office of Housing Counseling reports that since 2012, it has supported 12.2 million households who sought housing counseling assistance through a HUD-approved HCA.