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Empowers consumers to Start, Achieve, and Continue the Homeownership Journey through Transactional Data Intelligence using our secure Personal financial App
FinLocker is a consumer-enabled financial platform that gives lenders access to critical borrower information that can be used to streamline the origination and underwriting for mortgages and other financial products. It accesses consumer financial data electronically and applies configurable business rules and algorithms to analyze employment, income, assets, credit, taxes and other information to validate guideline issues and highlight conditions that require processor/underwriter attention.
Online financial data and analytics platform. FinLocker accesses online financial information from the sources of the consumer’s choosing, including bank statements, brokerage statements, credit card statements, tax information, and other financial data. FinLocker also applies business rules and analytics to provide actionable information that can be utilized by lenders, servicers, and investors. They help businesses by providing services like automatic verification and applicant loan corroboration.
The company has partnerships with Lenders One
The Collingwood Group
and Beltway Insight.
FinLocker leverages aggregation technology from FiServ to enhance analytics solution for the mortgage industry. (Dec. 2017) FinLocker accesses online financial information from the sources of the consumer’s choosing, including bank statements, brokerage statements, credit card statements, tax information, and other financial data. That data can be integrated into existing loan origination and business systems. The company offers real-time verification of financial data with access to over 15,000 financial and other data sources.
The company is trying to reduce borrower frustrations and lender costs associated in getting a mortgage approved as fast a possible, while increasing certainty for investors. (Aug. 2018)
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