Finicity Releases New VOE Solution – NMP
Tech

Finicity Releases New VOE Solution

Sep 18, 2019
Finicity has announced the release of its new AssetReady Report that will rapidly identify a borrower’s assets using consumer-permissioned data during a lender’s pre-qualification process

Finicity has released its new Verification of Income and Employment (VOIE) solution, using patent-pending TXVerify technology that will speed up borrower verifications and further advance the industry shift toward a fully digital experience.
 
The Finicity VOIE solution digitally extracts a borrower’s pay statement data from the paystub and then cross-verifies that key data with their income transactions from their financial institutions. Enabled by its TXVerify technology, this detailed vetting process creates a real-time picture of an applicant’s income and employment for fast, accurate reports. The solution does this by leveraging the highest value data—direct from banks—along with a scan, photo or PDF of a borrower’s paystubs.
 
“Our VOIE is expected to become the new gold standard of income and employment verification,” said Steve Smith, Finicity CEO. “We know it will be met with fast adoption by key industry players who aim to be on the cutting edge of lending technology. With VOIE building upon our current Verification of Assets solution, lenders will now be able to use Finicity as a one-stop-shop for digital verification.”
 
Finicity’s VOIE technology accesses real-time data gathered directly from an employee’s bank accounts. Finicity uses direct deposit payroll data to improve the success rate of an automated income and employment verification.
 
"Digital lending solutions are increasingly important for lenders who seek faster, more convenient application processes," said Matt Hansen, CEO of Simple Nexus. "In the future, this process can help borrowers through a verification experience that is 100 percent digital without any of the tedious manual labor required today. Fincity's Verification of Income and Employment solution helps lead the industry much closer to that goal."
 
About the author
NationalMortgageProfessional.com
Link copied
Published
Sep 18, 2019
Get the NMP Daily
C-Suite Strategies
Better Board Says Garg Must Stay Out As Control Fight Escalates

Directors point to early operating progress and Better’s planned wholesale launch as evidence that the lender should continue without its founder in management

Better Home & Finance’s board has drawn a harder line against founder and former CEO Vishal Garg, arguing that the lender’s turnaround, permanent CEO search, and planned expansion into wholesale lending depend on keeping him out of an operating role.The company’s Special...

Continue reading
C-Suite Strategies
CrossCountry Clears Final Hurdle To Take Control Of Two Harbors

Closing will put RoundPoint’s servicing platform and Two Harbors’ MSR operation under CrossCountry, while UWM’s $500 million-plus lawsuit remains unresolved

CrossCountry Mortgage is set to complete its acquisition of Two Harbors Investment Corp. before markets open Tuesday after the mortgage real estate investment trust received the final regulatory approval required for the transaction.The approval removes the last disclosed hu...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Tech
New American Funding Extends AI Push To Borrower Calls

The lender is adding customer-facing agents across originations and its $73 billion servicing portfolio, but has not disclosed which transactions will be automated or when deployment begins

Tech
Aug 20, 2026
The Hidden Risk Inside Mortgage Tech Consolidation And How Lenders Can Stay In Control

platforms consolidate and vendors gain leverage, the lenders who stay disciplined about data, adoption, and exit terms will be the ones who keep control of their own tech stack

Tech
Aug 19, 2026
The Race To Reinvent Mortgage Origination

Automation promises to strip away administrative work while raising expectations for production, conversion, and human advice

Tech
Aug 19, 2026
Clear Capital Clears GSE Test For New Property Data Standard

The verification gives lenders another option for inspection-based appraisal alternatives, but it covers only one piece of a much broader collateral-readiness challenge

Tech
Aug 19, 2026
Checkr Buys Truv To Move Mortgage Verification Beyond Documents

The acquisition adds consumer-permissioned payroll and banking data to Checkr’s mortgage platform while lenders confront increasingly convincing fabricated financial records

Tech
Aug 19, 2026
Brokers Build Their AI Toolbox At Originator Connect 2026

Instead of waiting for tech giants to dictate the market, originators are realizing the technology's immediate impact

Tech
Aug 15, 2026