In this podcast, Silicon Slopes Director of Operations Garrett Clark and Finicity CEO Steve Smith discuss the early years of Finicity, what makes for good workplace culture, the fintech industry, mortgage lending, digitization, financial inclusion and how Finicity’s solutions empower consumers to use their financial data to make better financial decisions. Listen to the entire podcast here.
For the second consecutive year, Finicity has been named to HousingWire’s Tech 100 list. The list includes companies with the most impactful technology in the housing industry.
You can read more about Finicity, here. Or you can see the whole list, here.
Advanced technology reduces asset verification process from weeks to minutes
ATLANTA – April 10, 2019 – Pulte Mortgage announced today it is partnering with Finicity — a leading provider of real-time financial data access and insights, to provide its borrowers with a faster, simpler and more secure way to navigate the home financing process. Pulte Mortgage is a wholly-owned subsidiary of PulteGroup, Inc. (NYSE: PHM) that finances new home construction for customers of Pulte Homes, Centex, Del Webb, DiVosta, and John Wieland Homes and Neighborhoods brands.
As anyone with a mortgage knows, securing a home loan has historically been a manual, paper-intensive process—especially when it comes to verifying borrowers’ assets. Through Finicity’s verification platform, up to 24 months of bank, brokerage and 401k data can now be accessed to confirm assets within minutes—eliminating the need for borrowers to find, copy and scan reams of paper verifications. This can reduce the mortgage origination time by more than a week, giving borrowers more control of the process, without a lot of the hassle.
Although the mortgage process has drastically improved over the past decade for borrowers and lenders alike, it hasn’t always been this way. “The mortgage lending industry has changed dramatically over the decades, but never more so than over the past 10 years,” said Debra Still, president and CEO of Pulte Mortgage. “The average loan file used to be about 300 pages, but today’s regulatory and compliance demands have pushed this figure to more than 800 pages. The need for ever-increasing volumes of supporting data puts an incredible burden on the borrower, which is why we strategically invest in integrated technology solutions, like Finicity, to reduce the time and complexity associated with securing a mortgage.”
The partnership with Finicity is just the latest in Pulte Mortgage’s commitment to advance technology solutions that make it easier and more transparent for borrowers navigating the mortgage process. In addition to their new instant asset verification feature through Finicity, Pulte Mortgage customers can upload essential documentation from their mobile device with just the snap of a picture; e-sign key regulatory disclosures with the swipe of a finger; and leverage a personalized digital dashboard to stay up-to-date on their loan’s progress when and where they want. These digital enhancements strengthen data security by leveraging advanced authentications, bank-level encryptions and secure borrower connections.
“Today’s consumers have come to expect simple and rapid experiences enabled by digitization,” said Steve Smith, CEO of Finicity. “Pulte is an innovator that is embracing digital solutions to further deliver a superior borrower experience by giving their loan consultants more time to engage with their buyers.”
“Whether it’s your first house or your last, building a new home is an exciting process,” added Still. “It is a time where you get to create a space that is uniquely personalized for your lifestyle and taste. That is why we are continuously working to simplify home financing for our customers, so they can spend more time focusing on building their dream home.”
###
About Pulte Mortgage:
Pulte Mortgage is a wholly-owned financial services subsidiary of PulteGroup, Inc. (NYSE: PHM) that solely focuses on the financing of new construction homes for customers of Pulte Homes, Centex, Del Webb, DiVosta, and John Wieland Homes brands. Founded in 1972, Pulte Mortgage has financed more than 700,000 homes from coast-to-coast while offering borrowers more than 200 different home loan solutions. Pulte Mortgage works hand-in-hand with the homebuilder to allow a closely-coordinated, streamlined financing experience that never misses a beat. To learn more about Pulte Mortgage and the services they offer, visit https://secure.pultemortgage.com/. (Equal Housing Lender – Company NMLS #1791)
About Finicity:
Finicity’s mission is to help individuals, families and organizations make smarter financial decisions through safe and secure access to fast, high-quality data. The company, which launched its first financial product in 2000 and has since grown to provide financial data APIs, credit decisioning tools and financial wellness solutions, partners with influential financial institutions and disruptive FinTech providers alike to give consumers a leg up in a complicated financial world. Finicity was awarded API World’s 2016 Finance API of the Year and is a 2018, 2019 HousingWire Tech100 winner. To learn more or test drive its API, visit www.finicity.com.
Finicity was named one of Comparably’s 2019 Best Companies in Salt Lake City. Comparably, a compensation, culture and career monitoring website, recently released its 2019 Best Companies by Region Awards. Finicity is one of 15 companies in Salt Lake City to earn the honor.
The list is determined by employee ratings and collected salary records. You can see the list along with the Best Companies in Seattle, Silicon Valley, Boston, New York and Los Angeles. Read more
Source Media named Finicity to its 2019 Best Fintechs to Work For list as one of the best employers in the financial technology industry. Finicity is one of 50 fintech companies on the list. Read more
Annual awards program identifies, recognizes and honors the best FinTech employers nationwide
SALT LAKE CITY, Utah, Feb. 25, 2019 — Finicity, a leading provider of real-time financial data access and insights, was recently named as one of the 2019 Best Places to Work in Financial Technology. The awards program was created in 2017 and is a project of SourceMedia and Best Companies Group.
This annual survey and awards program is designed to identify, recognize and honor the best employers in the financial technology industry. Companies recognized on this year’s list operate in and serve companies and consumers in a wide range of financial services, including banking and mortgages, insurance, payments and financial advisory.
“Here at Finicity, we’re on a mission to empower consumers to make smarter financial decisions through better access and utilization of their financial data,” said Steve Smith, CEO and co-founder. “It’s a true honor to be recognized as one of the best places to work in financial technology. We’re very proud of the culture we’ve created here.”
The 2019 list included 50 companies and was published by SourceMedia brands American Banker, National Mortgage News, PaymentsSource, Financial Planning and Digital Insurance.
“Every one of the companies named to SourceMedia’s Best Places to Work in Financial Technology list demonstrated a culture focused on supporting and engaging employees,” said Richard Melville, Group Editorial Director at SourceMedia.
To be considered for participation, companies had to be an organization that provides technology products, services or solutions that enable the delivery of financial services with at least 15 employees working in the U.S. and been in business a minimum of one year.
Companies from across the U.S. entered a two-part survey process to determine SourceMedia’s Best Places to Work in Financial Technology. The first part consisted of evaluating each nominated company’s workplace policies, practices, philosophy, systems and demographics. The second part consisted of an employee survey to measure the employee experience. The combined scores determined the top companies and the final ranking. Best Companies Group managed the overall registration and survey process, analyzed the data and determined the final ranking.
For more information on SourceMedia’s Best Places to Work in Financial Technology program, visit www.BestPlacestoWorkFinTech.com. To learn more about FinTech career opportunities at Finicity, visit www.finicity.com/careers/.
# # #
About Finicity:Finicity’s mission is to help individuals, families and organizations make smarter financial decisions through safe and secure access to fast, high-quality data. The company, which launched its first financial product in 2000 and has since grown to provide financial data APIs, credit decisioning tools and financial wellness solutions, partners with influential financial institutions and disruptive fintech providers alike to give consumers a leg up in a complicated financial world. Finicity was awarded API World’s 2016 Finance API of the Year and is a 2018 HousingWire Tech100 winner. To learn more or test drive its API, visit www.finicity.com.
Tearsheet’s Michael Deleon explains how data aggregation is the backbone for modern financial technology and also provides a guide on how to find the right data provider. Read more
Finicity CEO Steve Smith shares with Digital Journal his top four trends that are driving financial inclusion: alternative data, open APIs, mobile banking and blockchain. Read more
In this webinar, industry experts will discuss best practices for delivering a consumer-centric digital mortgage experience. Watch the webinar here.
FICO, Experian and Finicity have provided ways for consumers to introduce data into credit scoring that hasn’t previously been available, Michelle Black writes for Forbes. Both the UltraFICO™ Score and Experian Boost™ will be available this year to help improve credit scores for millions of consumers. Read more