Financial data aggregation and insights provider Finicity has partnered with Cre8tech Labs to facilitate mortgage lending verification processes.
The collaboration will see the integration of Finicity’s Verification of Assets (VoA) solution into Cre8tech’s Lender Price Digital Lending platform to streamline mortgage services.
Lender Price platform enables the borrowers to file digital application based on the platform’s pricing and eligibility engine.
Finicity CEO and co-founder Steve Smith said: “Consumers understandably want the most accurate information when making a life-altering purchase like a new house.
“Lenders want to meet those expectations while improving efficiency and profitability.
“We’re excited to work with Lender Price, another disruptor that is enhancing the mortgage lending experience for borrowers and lenders with a smart, digital solution.”
Finicity credit decisioning solutions has been designed to enhance accuracy and reduce fraud in the mortgage lending processes.
It uses transaction data directly from financial institutions offering a paper-free experience to the borrowers.
Commenting on the collaboration, Lender Price president Dawar Alimi said: “At Lender Price, we highly value speed and accuracy within the mortgage lending process, which directly correlates with Finicity’s mission.
“Together, we’re equipping lenders with the innovative tools they need to streamline mortgage originations.”
The partnership of the two companies has worked with multiple companies including Mountain West Financial.