For the past six quarters, more lenders have had a negative profit margin outlook than positive. For the past five, competition has been cited by 78 percent of lenders as the main cause for that negative outlook. Conversely, only 17 percent of lenders had a positive profit margin outlook. That 17 percent also hold the […]
HousingWire just announced their 2018 Tech100, and we at Finicity were very happy to be included. And while being on the list is a highlight for us, what we are really excited about is the future of lending. The HousingWire list is a great reflection of where the world of mortgage lending is headed. Simply […]
Editor’s Note: Following right behind FINRA, SIFMA also released data aggregation principles. They contain a lot of the same advice, but both are worth reading. Read below to find out how Finicity aligns with FINRA and SIFMA. The digital world has changed our lives dramatically. We have more information and insights at our fingertips than […]
https://www.finicity.com/wp-content/uploads/finra_featured.jpg3601030Steve Smith, CEO/wp-content/uploads/finicity-header-logo-2.pngSteve Smith, CEO2018-04-05 09:38:542018-04-13 16:13:47FINRA (and now SIFMA) Alert is On Track; Here’s What You Need to Know
Lenders have long faced daily attacks in the form of fraudulent applications, doctored statements, and fake identities. Due to the lack of in-person interactions, online financial institutions and digital lenders have an added threat to contend with while doing business in cyberspace. Without face-to-face interactions, fraudsters and thieves attempt to use stolen identities and fictional […]
The world of mortgages is about to see one of its biggest shake ups. Right now, approving someone for a mortgage takes a lot of time and effort by both parties. Even after all that, it’s very dependent on a FICO score. Both of those things are about to change. The Federal Housing Finance Agency […]
Why are Digital Lenders Crushing it?
/in Blog /by Steve Smith, CEOFor the past six quarters, more lenders have had a negative profit margin outlook than positive. For the past five, competition has been cited by 78 percent of lenders as the main cause for that negative outlook. Conversely, only 17 percent of lenders had a positive profit margin outlook. That 17 percent also hold the […]
Finicity Makes the List: 2018 HousingWire Tech 100
/in Blog /by Andy CapenerHousingWire just announced their 2018 Tech100, and we at Finicity were very happy to be included. And while being on the list is a highlight for us, what we are really excited about is the future of lending. The HousingWire list is a great reflection of where the world of mortgage lending is headed. Simply […]
FINRA (and now SIFMA) Alert is On Track; Here’s What You Need to Know
/in Blog /by Steve Smith, CEOEditor’s Note: Following right behind FINRA, SIFMA also released data aggregation principles. They contain a lot of the same advice, but both are worth reading. Read below to find out how Finicity aligns with FINRA and SIFMA. The digital world has changed our lives dramatically. We have more information and insights at our fingertips than […]
Digital Verification: A Key to Reducing Lending Fraud
/in Blog /by Sid ThomsonLenders have long faced daily attacks in the form of fraudulent applications, doctored statements, and fake identities. Due to the lack of in-person interactions, online financial institutions and digital lenders have an added threat to contend with while doing business in cyberspace. Without face-to-face interactions, fraudsters and thieves attempt to use stolen identities and fictional […]
Alternative Data Accelerates Lending to Underserved
/in Blog /by Steve Smith, CEOThe world of mortgages is about to see one of its biggest shake ups. Right now, approving someone for a mortgage takes a lot of time and effort by both parties. Even after all that, it’s very dependent on a FICO score. Both of those things are about to change. The Federal Housing Finance Agency […]