Finicity integrates its Verification of Assets (VoA) solution into SimpleNexus’ Enterprise Digital Mortgage Platform and mobile app to create a seamless digital loan experience.
The integration is expected to enhance the process of applying for a mortgage and also improve the mobile loan origination experience for customers of SimpleNexus.
The assortment of Finicity’s credit decisioning solutions, such as VoA, provides lenders access to the data insights to digitise their loan process.
Finicity CEO Steve Smith said: “As the leading financial data aggregator in the credit decisioning industry, we are always looking for ways to bring valuable insights to lenders and provide faster, simpler and more modern lending experiences to consumers. We’re excited to work with SimpleNexus to continue to drive innovation in the digital lending space.”
SimpleNexus provides a private-label digital mortgage platform and mobile app, which enables mortgage lenders to connect with borrowers and real estate agents and exchange data and documents through the lifecycle of a mortgage loan.
Besides accessing new loan applications, the loan officers can use SimpleNexus’ smartphone app to pull and view credit reports, run live-pricing scenarios, check real-time CRM feeds and send pre-approval letters.
Founded in 1999, Finicity is a financial industry pioneer. With over 15 years as an innovator in Personal Financial Management and Consumer Financial Wellness, Finicity has built a culture that centers around enabling and celebrating the financial success of our customers. After 15 years in consumer Financial Wellness, Finicity took a core internal asset, our financial data aggregation platform, productized it, and began offering it to financial innovators through our Financial Data API.
The only thing better than helping some people achieve financial success is helping many people find success through our community of financial app developers.
We see a future where financial account data is delivered instantly to account holders in any app they choose through the Finicity data hub. We believe that secure data access, high data quality, and intelligent data enrichment are core to unlocking financial application innovation and will help account holders make better financial decisions. We believe that better financial decision making will make the world a better place.
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