Finicity Expands Mortgage Verification Capabilities Through ICE Integration

0
47

[ad_1]

, provider of open banking solutions, acquired in 2020 announced a partnership with its one-touch mortgage verification service, and on Thursday. The integration allows borrowers to resolve data so that lenders can quickly verify assets, income, and employment.

Launched in February, the verification is accepted by both parties and entitles you to representation and warranty refunds without the use of manual loan documentation. Thanks to the integration, the service of checking the mortgage is one touch.

“Our goals are to reduce the risk for lenders, improve the overall consumer experience and ultimately make the mortgage process easier for everyone by helping borrowers prove their creditworthiness in a more reliable but streamlined way,” said Steve Smith, Head of Global Open Banking Mastercard. …

In an email to the address Housing wire Following the acquisition, Smith said, the company is committed to getting people to connect their financial accounts to the apps and services they most want to use.

Finicity’s latest partnership came just a month after signing a data access agreement with a digital banking platform. Direct Finicity API Now Available via Green Dot Digital Bank GO2bank and will allow users to connect their digital accounts to third-party applications on Finicity’s secure data network.

As an open banking platform, Finicity cooperates with a number of large financial institutions such as , a Fintech offering business credit cards and cash management accounts with tech companies, as well as one of largest capital management firms in the country.

However, Finicity is not the only company that is energizing business with its technology. ICE’s integration with Finicity is the third partnership the public company announced in just three days.

ICE also announced on Thursday corporate agreement with Corelogic. Through Encompass Partner Connect, a cloud-based third-party service integration platform, CoreLogic will update data-driven processes and make these solutions available to thousands of shared customers on ICE. Platform– said the analytics provider.

On Tuesday, ICE completed its latest integration with ClosingCenter Wolters Kluwer Compliance Solutions. The integration leverages the ICE platform and MERS (Mortgage Electronic Registration System) to provide an interoperable digital lending workflow for what it claims is end-to-end delivery to market.

[ad_2]

Source link