FinLocker

lendingother lending

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 17/07/2020

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About

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.

Focus

PRODUCTS & SERVICES

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.

EXISTING PARTNERSHIPS

The company has partnerships with Lenders One

Fiserv

WebMax

Equifax

The Collingwood Group

AITHERAS

VidVerify

eOriginal

and Beltway Insight.

COMMENT

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.

Traction

TRACTION COMMENT:

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)

People

FOUNDERS

Peter Esparrago

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Alumni Ventures Group

Cliff Holekamp

Cultivation Capital

Holekamp Ventures

Holton Capital Group

SixThirty

SixThirty FinTech Accelerator

Total Access Fund

KEY EMPLOYEES:

Tim Stern

Barry Sandweiss

Momentum

FUNDED

YES

TOTAL FUNDING

$10.4 M

DATE OF LAST FUNDING

Nov 2019

TOTAL FUNDING COMMENT

The company is planning use the funds to fuel the growth of the company. (Aug. 2018)

FUNDING SERIES

OTHERS  · $10.4 M · Nov 2019

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2014

LOCATION:

United States

Views:

109 VISITORS | 208 VIEWS
LATEST FUNDING ROUND

$10.4 M

TOTAL EMPLOYEES
11-50

About

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.

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Focus+
Momentum+
Traction+
People+
Other+

Innovation Programs

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