has announced an integration agreement with Capsilon
, a provider of intelligent process automation software for the mortgage industry. Under the agreement, Finicity’s Verification of Assets (VoA) solution has been integrated into the
Capsilon platform to improve the speed, user experience and economics of the mortgage process.
Finicity’s VoA solution provides bank-validated insights into borrower assets, enabling reports to be generated in only minutes. The solution reduces fraud, frees up resources, shortens time to close and is now integrated with Capsilon borrower and Loan Officer workspaces to automate asset verification. This further streamlines the loan application process—borrowers no longer need to search for bank statements, and Loan Officers have more time to focus on higher value activities, such as getting more loans.
“We’re excited to work alongside Capsilon with the shared goal of transforming the difficult manual mortgage origination processes of today into a modern and digital experience of the future,” said Steve Smith, Finicity Chief Executive Officer. “Finicity’s VoA reports are a key part of the next-generation mortgage process.”
Jim Obsitnik, Chief Operating Officer of Capsilon, said, “The mortgage industry is undergoing radical transformation driven by technology. Those who invest in the right technology now will gain a competitive advantage to help them minimize risk and accelerate growth as the market changes. We’re thrilled to partner with Finicity to help mortgage companies speed up the application process and deliver better borrower and Loan Officer experiences.”