The partnership offers lenders validated insights of a borrower's assets in seconds
Financial data aggregation provider Finicity and digital mortgage lending platform Blue Sage Solutions have entered a partnership to provide lenders asset verification in seconds.
Under the agreement, Blue Sage will integrate Finicity’s Verification of Assets (VoA) product into its multi-channel digital lending platform in an effort to offer lenders an accelerated credit decisioning process.
With their partnership, Blue Sage and Finicity said lenders can access validated insights of a borrower’s assets in seconds. In addition to lender benefits such as improved accuracy and reduced mortgage fraud, Finicity said its credit decisioning product also allows borrowers to have a paperless experience.
Learn the ways to avoid mortgage fraud in this article.
“Our goal is to find top-notch partners who are also committed to creating a frictionless experience for lenders and borrowers through a digitized process,” Finicity CEO Steve Smith said. “We’re excited to work with Blue Sage to accelerate the process of verifying a borrower’s assets, which has traditionally been a painful paper chase that takes several days or longer.”
Since Blue Sage operates as a cloud-based platform, lenders and borrowers can access VoA reports at virtually any time during the process. The platform already allows them to exchange required information and track progress in real-time.
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