Advertisement

Finicity and Ellie Mae have announced that Finicity’s digital Verification of Assets (VoA) solution is now available through Ellie Mae’s Encompass Digital Lending Platform.

With more than 230,000 users and thousands of providers, Ellie Mae’s partner network processes approximately one-third of all the residential loans originated in the United States. As part of the partner network, Finicity will provide Ellie Mae customers with fast, frictionless asset verification.
“With the integration of Finicity’s digital Verification of Assets through our Encompass Digital Lending Platform, we are further enabling loan officers, processors and other key lender participants to reduce cycle-times and offer a more complete digital mortgage experience for their customers,” said Parvesh Sahi, senior vice president of business development for Ellie Mae.
The integration enables lenders to request a digital asset verification report. Once a request has been made, borrowers are asked to complete a simple online process to permission financial data they want included in the report. Lenders can then review the bank-validated report in near real-time, shortening the verification process from days to minutes.