Frequently Asked Questions

• How much does it cost?

  The most you'll ever pay for an AccountChek report is $30.  However, factors that could reduce the price are: volume, integrations and the amount of time the data is allowed to be refreshed.  Depending on these factors there could be a $100 per monthly license fee.

• Are there monthly minimum costs?

  No.  There are no minimum costs associated with using the AccountChek platform.

• Are there any set up fees?

  No.  There are no costs associated with setting up the AccountChek platform. 

• Is AccountChek just for bank data?

  Nope. While it can pull bank account information, AccountChek also connects to payroll providers, credit card data, and even student loan accounts. It gives lenders a more complete financial picture, all with the borrower’s permission.

   

• How does AccountChek help speed up the loan process?

  By quickly verifying assets, income, and employment, AccountChek cuts out the back-and-forth of collecting documents like pay stubs and bank statements. Lenders get the data they need faster, and borrowers move through the process quicker.

• Is AccountChek accepted by Fannie Mae and Freddie Mac?

  Yes. AccountChek is an approved provider for both Fannie Mae’s DU® validation service and Freddie Mac’s Loan Product Advisor® asset and income modeler (AIM). That means lenders can often get rep and warrant relief when using data from AccountChek.
  

• Is the data shared through AccountChek secure?

  Yes. AccountChek uses bank-level encryption and follows strict security protocols. Borrowers are always in control—they choose what to share and who sees it.