Finicity, a provider of real-time financial data access and insights, announced that it has integrated its digital Verification of Assets solution into Volly’s Point Of Sale platform and Loan Officer portal martech news. Volly is an industry-leading provider of SaaS-based marketing automation, CRM and POS solutions for banks and mortgage companies.
The partnership dramatically improves loan officer productivity, streamlines back-office processes, improves employee and partner experiences, enhances accuracy and reduces funding times. Finicity’s solution enables borrowers to rapidly share bank and brokerage asset data and eliminates the overly manual process of locating, downloading and uploading bank statements. It also provides a more secure process for asset verification martech.
“This integration brings our industry one step closer to a completely digital mortgage experience,” said Jerry Halbrook, CEO of Volly. “It also enables mortgage lenders to reduce originating costs, makes loan officers more productive and enhances the customer journey.”
“Today’s consumers expect a painless mortgage process powered by modern technology,” said Steve Smith, CEO of Finicity. “Our asset verification on Volly’s technology platform improves operational efficiency and the borrower experience.”
Finicity delivers asset verification through consumer-permissioned data, providing borrowers more control and insight over data used in the decisioning process. Finicity is known for high-quality data, which is accessed directly from financial institutions to verify asset balances, transaction data and account details.
Finicity is an authorized, integrated provider of asset verification reports for Fannie Mae’s Day 1 Certainty™ initiative and is a Freddie Mac Asset and Income Modeler (AIM) service provider.
Finicity’s verification solution is also delivered under the CRA framework, which allows borrowers to directly obtain information on reports or resolve discrepancies. Finicity’s status as a registered CRA is a symbol of its consumer-centric model as well as its dedication to the requirements of the lending space.