Digital verification report speeds up lending process while improving digital experience for lenders and borrowers

SALT LAKE CITY, Utah – Dec. 4, 2019 – Finicity, a provider of real-time financial data access and insights, and Ellie Mae®, the leading cloud-based platform provider for the mortgage finance industry, today announced that Finicity’s digital Verification of Assets (VoA) solution is now available through Ellie Mae’s Encompass® Consumer Connect, part of the Encompass® Digital Lending Platform. 

Today’s consumers expect an increasingly simple, fast and accurate application process. This has been made possible by digital solutions such as Finicity’s Verification of Assets which can shorten the application process by as many as 6 days. Now borrowers can access this solution through Encompass Consumer Connect matching an automated, enhanced customer experience with the efficiency of digital verification.

“We believe that consumer expectations are driving the mortgage lending experience to one that is simple and intuitive,” said Steve Smith, CEO and co-founder of Finicity. “We’re excited to partner with Ellie Mae through the Encompass Consumer Connect platform to deliver a next gen experience to borrowers while helping lenders create a more efficient origination process.”

Tedious applications and piles of paperwork detracts from the excitement of buying a first home. Integrating the Finicity solution into Consumer Connect streamlines the application and origination process for borrowers and helps lenders be more efficient and engaging while closing loans faster.

In addition to the availability of digital verification functionality in Consumer Connect, the companies have enabled data mapping for required fields into the 1003 application and loan officer notifications, as well as other enhancements, in Encompass.

Finicity is an authorized, integrated provider of asset verification reports within Fannie Mae’s Desktop Underwriter® (DU®), giving lenders a validated asset report through Fannie Mae’s Day 1 Certainty™ initiative, and the company is part of Fannie’s Single Source Validation (SSV) pilot. Finicity is also an authorized Freddie Mac Asset and Income Modeler (AIM) validation report provider within Freddie Mac’s Loan Product Advisor.

Finicity VOA reports in Encompass and Consumer Connect are available from our resellers including through our Experian partnership and their CRA resellers. To stay up to date on all Finicity company and product announcements, visit the website at www.finicity.com.

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 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.

Report will help lenders with more actionable data earlier in the application process

SALT LAKE CITY, Utah – October 28, 2019 – Finicity, a provider of real-time financial data access and insights, announced today the release of its new AssetReady Report that will rapidly identify a borrower’s assets using consumer-permissioned data during a lender’s pre-qualification process.  As a result, lenders will more easily qualify borrowers and generate a higher quality sales funnel for loan officers while enabling a seamless transition into other necessary asset, income, and employment verifications needed in the loan origination process. 

Lenders have the option to receive balances and other data without having to ask for or include consumer SSN or date of birth. Fast, high-value data with less friction on lower probability applicants can provide lenders with better insights on how to strategically move borrowers forward in the application process without asking for detailed verification reports.

Once leads have been qualified, borrowers can seamlessly permission their data for Finicity’s other digital verification solutions like assets, income, and employment required for the origination process. This single-source solution model for verification optimizes lender workflows to maximize ROI. 

“Now lenders can receive more data earlier in the application process than ever before,” said Steve Smith, Finicity CEO. “This report will provide the opportunity for even more customization and better experiences for borrowers from their first interaction to close.”

“Getting a verified snapshot of borrower assets during the pre-qualification stage is key to speeding up our business processes,” Bill Cosgrove, President & CEO of Union Home Mortgage, said. “Once a borrower has engaged with our digital pre-qualification solution the stage is set for a seamless transition into Finicity’s full suite of asset, income and employment verification tools.  A single-source solution provider is a great fit for our business model.”

The pre-qualification report includes current account balances and average balances over the previous two and six months, as well as the number of negative balances in the past six months and the most recent negative balance. The report also provides account owner and other account details.

Finicity is working with leading mortgage ecosystem platform providers to simplify lender access to the digital tools they need to improve the origination experience. 

“Providing lenders high-value data along with the insights it provides earlier in the origination process will make lenders much more efficient and enable better decisioning,” Dawar Alimi, Lender Price CEO said. “We’re always looking to streamline the lending process while simplifying the borrower experience and a digital pre-qualification solution helps us do that.”

To learn more about Finicity’s other reports for lending, visit https://www.finicity.com/credit-decisioning/

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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 provides asset verification solution to reduce process from weeks to minutes

SALT LAKE CITY, Utah and PARSIPPANY, New Jersey – October 10, 2019 – American Financial Resources, Inc. (AFR) announced today it is working together with Finicity—a leading provider of real-time financial data access and insights, to provide its business partners and their borrowers with a faster, simpler and more secure way to verify assets and income while originating loans.

American Financial Resources serves thousands of mortgage professionals nationwide with their residential financing needs through industry leading technology, a diverse program catalog, educational resources, dedicated industry experts, and dependable, best-in-class client service.

“We’re thrilled to partner with providers that simplify and accelerate the loan process for our business partners and the mortgage applicant.,” said Bill Packer, Executive VP and COO of AFR. “Finicity is at the forefront of the industry and its technology plays an important part in turning a time-intensive process into a simple, customer-friendly and therefore more satisfying experience for borrowers and their loan officers.”

Through Finicity’s verification platform, borrower assets can be confirmed within minutes, without the need to find, copy and scan piles of paper documents for verification. This can reduce the mortgage origination time by more than a week while eliminating the hassle of paper documents and manual processes.

“Today’s consumers expect simple, rapid experiences on their computers and phones, and the mortgage process should be no different,” said Steve Smith, CEO of Finicity. “AFR is embracing their role as a mortgage industry innovator, focused on meeting the expectations of the next gen consumer.”

Finicity is an authorized, integrated provider of asset verification reports for Fannie Mae’s Day 1 Certainty and Freddie Mac’s Asset and Income Modeler (AIM) programs. Finicity recently announced a breakthrough in digital verification of income and employment.  The solution uses its patent-pending TXVerify™ technology to extract a borrower’s pay statement data from the paystub and then cross-verifies that key data with their income transactions from their financial institutions for a real-time picture of an applicant’s income and employment status.

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About American Financial Resources:

American Financial Resources, Inc. (AFR) is the leading FHA 203(k) lender for sponsored originations in the country and an innovator in the construction and renovation lending area, as well as being ranked among the nation’s leading mortgage lenders. AFR utilizes the latest technology and delivers educational resources to mortgage brokers, loan originators and their customers. American Financial Resources, Inc. is an Equal Housing Lender: Lender NMLS 2826 at nmlsconsumeraccess.org. For more information, visit http://www.afrcorp.com/.

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.

Company Demonstrates Breakthrough Solution for Verification of Income and Employment

LAS VEGAS — Sept. 25, 2019 – Finicity announced today that it won the LendingTree Innovation Challenge Best in Show award at Source Media’s Digital Mortgage Conference 2019 for its Verification of Income and Employment (VOIE) with TXVerify™ solution. 

For the second year in a row, the LendingTree Innovation Challenge highlighted innovation in the digital mortgage ecosystem at the conference which was held September 23-24 at the Wynn Las Vegas. The challenge featured 36 live demos showcasing the mortgage industry’s most innovative digital technologies.

“We are truly thrilled by the reception of our VOIE solution,” said Steve Smith, CEO and co-founder of Finicity. “This award is another acknowledgement that income and employment verification was ripe for innovation. Until now, no one had figured out how to deliver an automated solution that addressed the majority of the market.”

A panel of three judges scored all the demo presentations. Finicity received the high honor by receiving a score of nine out of 10 from all three judges for its inventive approach to verification of income and employment.  Additionally, attendees were able to weigh in through an audience voting process. 

Finicity’s VOIE solution digitally extracts a borrower’s pay statement data from a paystub and then cross-verifies that key data with direct deposit transactions within their bank accounts. Enabled by its patent-pending TXVerify™ technology, this detailed vetting process creates a real-time picture of an applicant’s income and employment for fast, accurate reports. The solution does this using consumer-permissioned data – direct from banks – along with a scan, photo or PDF of a borrower’s paystubs for the most current and accurate verification. This process significantly shifts the current paradigm from a mostly manual process to one that is fully digital, all while reducing fraud and increasing confidence in the underwriting process.

Sharing the Best in Show award this year was CoreLogic. 

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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.

Product sets new benchmark for income and employment assessment success, while adding to Finicity’s suite of digital verification solutions

SALT LAKE CITY, Utah – September 18, 2019 – Finicity, a leading provider of real-time financial data access and insights, announced today the release of its new Verification of Income and Employment (VOIE) solution using patent-pending TXVerifyTM technology that will speed up borrower verifications and further advance the industry shift toward a fully digital experience.

The Finicity VOIE solution digitally extracts a borrower’s pay statement data from the paystub and then cross-verifies that key data with their income transactions from their financial institutions. Enabled by its TXVerify technology, this detailed vetting process creates a real-time picture of an applicant’s income and employment for fast, accurate reports. The solution does this by leveraging the highest value data – direct from banks – along with a scan, photo or PDF of a borrower’s paystubs. This process significantly shifts the current paradigm from a mostly manual process to one that is fully digital, all while reducing fraud and increasing confidence in the underwriting process.

“Our VOIE is expected to become the new gold standard of income and employment verification,” said Steve Smith, Finicity CEO. “We know it will be met with fast adoption by key industry players who aim to be on the cutting edge of lending technology. With VOIE building upon our current Verification of Assets solution, lenders will now be able to use Finicity as a one-stop-shop for digital verification.”

Legacy solutions have been marked with low success rates and at times return outdated information. Such solutions rely on payroll data supplied by employers, many of whom do not report information frequently. Additionally, employers that report data usually represent only the largest enterprises, while the majority of Americans work for small to mid-sized businesses. Finicity’s VOIE technology accesses real-time data gathered directly from an employee’s bank accounts. Finicity uses direct deposit payroll data, which represents over 90% of American workers, to dramatically improve the success rate of an automated income and employment verification. While the success rate for existing automated solutions hovers around 15% to 25%, Finicity’s VOIE solution is anticipated to provide successful income and employment verification coverage of over 70%. Digital verifications can shave as much as 12-14 days off the origination process, helping to push the industry to a rapid closing with increased accuracy, while improving profitability.

Industrial Strength

While available to lenders servicing all credit decisioning markets such as auto, personal loans and credit cards, the Finicity VOIE solution was designed to stand up to the highest levels of scrutiny and stringent requirements of the U.S. mortgage market. Because this market involves high dollar decisioning, strict regulatory oversight, and demanding investors – including government-sponsored enterprises (GSEs) – it is considered the ultimate proving ground for credit decisioning processes and products. Finicity’s VOA report and data already power the vast majority of digital asset verifications in the mortgage market due to their high data quality and certified connections to the broadest range of financial institutions. Finicity’s VOIE solution builds on this technical and data leadership track record.

Working with Freddie Mac

Freddie Mac Loan Product Advisor® asset and income modeler (AIM) leverages data from third-party service providers, like Finicity, to automate the manual processes of assessing borrower assets and income to simplify the loan origination process, drive efficiency and improve the experience for lenders and borrowers.

Today, AIM leverages Finicity technology to obtain data for borrower asset assessment and direct deposit income assessment (limited release). By adding the Finicity VOIE offering to AIM (limited release), it augments direct deposit information with paystub data to further help expand a lender’s ability to more easily assess borrower capacity, reduce their documentation burden and save time and money.

“Adding Finicity’s VOIE solution is the next step in the evolution of AIM,” said Kevin Kauffman, Senior Director of Technology Integration at Freddie Mac. “And our partnership with Finicity has helped to create a waterfall-like approach by adding paystub data to our AIM capability using accurate and verifiable data that meet our underwriting standards. This means more opportunities for representation and warranty relief and greater cost savings for lenders all while delivering a better lending experience to borrowers.”

What the Industry is Saying

Finicity customers and partners are already weighing in on VOIE:

Quicken Loans

“We are always looking for ways to simplify the mortgage process, taking away the apprehension that can come with a complicated financial transaction,” said Heather Lovier, Executive Vice President of Client Experience for Quicken Loans.  “To help achieve this, we create game-changing innovations and engage with forward-thinking partners like Finicity. VOIE is a critical next step in the evolution of the mortgage process and we look forward to seeing it more widely implemented throughout the industry.”

Experian

“Consumer permissioned data, like Finicity’s new VOIE and Experian Boost, empowers consumers to take control,” said Michele Bodda, general manager at Experian Mortgage. “This innovative digitization of data and analytics is an important step in modernizing the mortgage process and enabling a solution that helps streamline the process for more borrowers than ever before.”

Ellie Mae

“Source validation solutions are increasingly important for our customers who seek faster, more convenient digital application processes,” said Parvesh Sahi, senior vice president of Business Development for Ellie Mae. “In July we announced that Finicity’s digital Verification of Assets (VoA) solution was available through our Encompass Digital Lending Platform. With their launch of their VOIE solution, they are further improving digital verification solutions for a faster and more accurate process.”

MortgageHippo

“We’re very excited to offer Finicity’s new VOIE solution to our lender clients. This solution will provide a variety of benefits for both lenders and borrowers,” said Michael Salichs, president & COO of MortgageHippo. “Not only will it reduce manual work and fraud for our lenders, but borrowers will see faster closing times, less frustration and greater accuracy.”

SimpleNexus

“Digital lending solutions are increasingly important for lenders who seek faster, more convenient application processes,” said Matt Hansen, CEO, Simple Nexus. “In the future, this process can help borrowers through a verification experience that is 100% digital without any of the tedious manual labor required today. Finicity’s Verification of Income and Employment solution helps lead the industry much closer to that goal.”  

Synergy One

“We have seen great success over the past year in offering a consumer-enabled digital asset verification as a key part of simplifying the mortgage application and approval process,” said Steve Majerus, president of Synergy One Lending. “Income and employment is the next step in digital verifications and we like the innovation Finicity is demonstrating with the introduction of their solution.”

Vellum Mortgage

“Fincity’s VoIE program is a great leap forward in the digital verification of income and employment,” said Patrick Gardner, principal Vellum Mortgage.  “Not only is the borrower experience faster and simpler, it improves processing and underwriting times as well. Partnering with Finicity has been critical in Vellum’s goals of implementing technology that delivers results for our customers.”

See It In Action

Finicity will be demoing the solution at:

To learn more about Finicity’s digital verification suite, visit https://www.finicity.com/credit-decisioning/

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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.

Technology from Finicity to integrate into repayment platforms for accurate, secure authentication and payment

SALT LAKE CITY, Utah – August 13, 2019 – Finicity, a leading provider of real-time financial data access and insights, announced today the rollout of its Student Loan Account Verification product, which will simplify employer benefit repayment programs, where employers are looking to contribute to or help repay employee’s student loans. 

More companies are expanding their benefits programs to include student loan repayment plans. Through the new solution, repayment platforms can use Finicity’s ACH endpoint to confirm accounts and routing numbers and make payments on behalf of employers for their employees. This adds an extra component of accuracy and security in the student loan repayment process, while also streamlining the process through a digital experience. 

“Student loans have become a major concern for individuals and families, with 3 out of 4 graduates burdened by debt,” said Andy Sheehan, President and COO of Finicity. “We are excited to contribute to an emerging trend in employer contributions to student debt by delivering a solution that eases the process and increases efficiency.”

Several repayment platforms are already utilizing the new solution with their employer-paid student loan contribution programs including Vault.

“Companies are rapidly evolving their benefit offering to meet the needs of the modern workforce,” says Matt Beecher, Vault’s CEO.  “We chose Finicity to enhance our user experience within our student loan repayment benefit because of the technology’s superior coverage and capabilities.”

Student Loan Account Verification will leverage Finicity Connect, an embeddable web application, which enables an intuitive experience for employees and is easily integrated into the repayment platforms. Repayment platforms can present the white-labeled Finicity application to individual employees to identify the correct student loan processor for their account and connect to it. Finicity’s solution will then validate the payment details, including the amount and specific payment number.

Finicity, known for strong coverage of financial institutions and data quality, has built out its connections to student loan lenders, refinancers, and servicers to provide exceptional student loan account coverage.

To stay up to date on all Finicity company and product announcements, visit the website at www.finicity.com.

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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 and 2019 HousingWire Tech100 winner. To learn more or test drive its API, visit www.finicity.com.

Integration to speed up lending process while improving digital experience for lenders and borrowers

SALT LAKE CITY, Utah and PLEASANTON, California – July 29, 2019 – Finicity, a provider of real-time financial data access and insights, and Ellie Mae®, the leading cloud-based platform provider for the mortgage finance industry, today announced that Finicity’s digital Verification of Assets (VoA) solution is now available through Ellie Mae’s Encompass® Digital Lending Platform.

Modern consumers expect an increasingly seamless, fast and accurate application process. This has been made possible by digital solutions such as Finicity’s Verification of Assets which can shorten the application process by as many as 6 days. Now lenders can access this solution through Encompass for faster and more precise insights that reduce friction for customers.

“We believe that consumer expectations are driving the mortgage lending experience to one that is as simple and seamless as they’re having in other parts of their life, like e-commerce, ride-sharing, and more,” said Steve Smith, CEO and co-founder of Finicity. “We’re excited to partner with an organization like Ellie Mae, that shares this vision and is pushing innovation in the mortgage space.”

Drawn-out closing times and piles of paperwork detract from the excitement of buying a first home. Integrating the Finicity solution into Ellie Mae’s Encompass platform streamlines the origination process for lenders enabling them to eliminate once-manual tasks and devote more time to customer service and business development. With over 230,000 users and thousands of providers, Ellie Mae’s partner network processes approximately one-third of all the residential loans originated in the United States. As part of the partner network, Finicity will provide Ellie Mae customers with fast, frictionless asset verification.

“With the integration of Finicity’s digital Verification of Assets through our Encompass Digital Lending Platform, we are further enabling loan officers, processors and other key lender participants to reduce cycle-times and offer a more complete digital mortgage experience for their customers.” said Parvesh Sahi, senior vice president of business development for Ellie Mae. 

The integration enables lenders to request a digital asset verification report. Once a request has been made, borrowers are asked to complete a simple online process to permission financial data they want included in the report. Lenders can then review the bank-validated report in near real-time, shortening the verification process from days to minutes. 

“Since implementing this integration, our closing times have been significantly reduced,” said Torrey Larsen, Synergy One CEO. “Our loan officers are spending less time trying to verify assets and more time focusing on what really matters — our customers’ futures.”

Finicity is an authorized, integrated provider of asset verification reports within Fannie Mae’s Desktop Underwriter® (DU®), giving lenders a validated asset report through Fannie Mae’s Day 1 Certainty™ initiative, and the company is part of Fannie’s Single Source Validation (SSV) pilot. Finicity is also an authorized Freddie Mac asset validation report provider, and Freddie Mac and Finicity are partnering on new methods to validate income using payroll deposit data from bank statements.

To stay up to date on all Finicity company and product announcements, visit the website at www.finicity.com.

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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.

About Ellie Mae:

Ellie Mae is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae’s technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Visit EllieMae.com or call 877.355.4362 to learn more.

Finicity’s digital verification report provides a faster process and more pleasing customer experience

SALT LAKE CITY – June 20, 2019 – Finicity, a leading provider of real-time financial data access and insights, announced today an integration with LendingQB, a leading provider of SaaS loan origination technology solutions. LendingQB’s platform now uses Finicity’s digital Verification of Assets (VoA) solution to allow lenders to free up resources, increase processing speed and reduce mortgage fraud while providing borrowers with a more efficient and positive experience.

“Digitizing the loan origination process is the key to the future of lending,” said Steve Smith, Finicity CEO. “We’re proud to be one of the tech providers behind this movement and are glad to work with leading digital loan originators like LendingQB to help the industry evolve and improve the experiences for lenders and borrowers alike.”

LendingQB provides solutions that help mortgage lenders reduce costs, maintain compliance and increase profitability, while still putting their customers first. This comes from LendingQB’s unique approach to loan origination system building — layering its core platform with best-of-breed components to create the ideal solution for each lender.

“At LendingQB, we pride ourselves on our ability to seek out the best technology and partnerships to combine with our solution,” said Tim Nguyen, CEO of MeridianLink, the parent company of LendingQB. “This creates a competitive advantage for lenders that delivers a more meaningful experience to the people that really matter: borrowers.”

Both Finicity’s verification solutions are 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 commitment to consumer control and empowerment, as well as its dedication to the requirements of the lending space.

Finicity is an authorized, integrated provider of asset verification reports within Fannie Mae’s Desktop Underwriter® (DU®). This gives lenders a validated asset report through Fannie Mae’s Day 1 Certainty™ initiative. Finicity is also part of the Single Source Validation (SSV) pilot, meaning Fannie Mae will utilize transaction data from Finicity reports to validate assets, income and employment.

Finicity is also a Freddie Mac Asset and Income Modeler (AIM) service provider for assets and income, and Freddie Mac and Finicity are working together on new methods to validate income and employment from payroll deposit data.

To stay up to date on all Finicity company and product announcements, visit the website atwww.finicity.com.

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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 Finance API of the Year and is a HousingWire Tech100 winner. To learn more or test drive its API, visit www.finicity.com.

About LendingQB:

LendingQB, a provider of an innovative web-based loan origination system (LOS) and division of MeridianLink, continues to extend market-leading integrations through its web-based LOS that provides lenders with a flexible, innovative workflow. The system’s open-architecture application program interface (API) enables lenders to select the tools that maximize efficiency by leveraging integrations from more than 250 mortgage service providers. For more information, visit www.lendingqb.com.

About MeridianLink:

MeridianLink, Inc., developer of the industry’s first multi-channel account opening and loan origination platform, is a leading provider of enterprise business solutions for financial service organizations. The company’s passion for excellence is reflected in its web-based credit reporting, lending and new account opening/deposit technologies, which all enjoy solid reputations as being cutting edge, reliable and affordable. Based in Costa Mesa, Calif., MeridianLink is committed to creating smart solutions that deliver real value. For more information, visit www.meridianlink.com.

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.”

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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.

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/.

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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.