Inverite Verification enters into an agreement with Home Owner Soon Financial
Vancouver-based mortgage fintech Marble Financial has announced that its subsidiary, Inverite Verification, has entered into a data verification agreement with Home Owner Soon Financial.
Per the terms of the deal, Inverite will provide its banking verification products to HOS Financial via application programming interfaces.
“As a result of Inverite’s connectivity to over 280 financial organizations, HOS Financial will be able to gain access to a borrower’s financial data within seconds, resulting in a faster decision-making process to determine the creditworthiness of its borrowers,” Marble said. “Given HOS Financial’s large customer base, Inverite will be able to gain a larger market presence within the Canadian rent-to-own industry. In addition, Inverite will receive a verification fee for every transaction completed through HOS Financial.”
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The agreement came at the right time for Canadians looking for better affordability options through rent-to-own channels, said Lloyd Evetts, vice president of business development at Inverite.
“As an established lease purchase company, HOS Financial has provided financial solutions to numerous Canadian families that intend to secure affordable housing over the last 16 years,” Evetts said. “The integration of our platform will provide them with the ability to almost verify a borrower’s transaction history instantly, ensuring efficient operations. Overall, this agreement will allow us to expand into a new market where there is a need for our advanced banking verification solutions.”
HOS Financial will be fully operational in the Inverite platform within the next 30 days, Marble said.
