Yes! This will help get better submission rates as you will not need your user to leave your site, and it will also help in cases where 3rd party cookies are not allowed. The most prominent place 3rd party cookies are not allowed is on iPhone users using the Safari browser.
You can get instructions for hosting your own bad ad form here.
To see an example of this in action, you can see it hosted on one of our Owned and Operated sites here.