AFR Partners With Finicity on Asset Verification Solution
October 11, 2019
American Financial Resources Inc. (AFR) has announced a partnership with Finicity to provide its business partners and their borrowers with a faster, simpler and more secure way to verify assets and income while originating loans.
AFR serves thousands of mortgage professionals nationwide with their residential financing needs through industry leading technology, a diverse program catalog, educational resources, dedicated industry experts, and dependable, best-in-class client service.
“We’re thrilled to partner with providers that simplify and accelerate the loan process for our business partners and the mortgage applicant,” said Bill Packer, executive vice president and chief operating officer of AFR. “Finicity is at the forefront of the industry and its technology plays an important part in turning a time-intensive process into a simple, customer-friendly, and therefore, more satisfying experience for borrowers and their loan officers.”
Through Finicity’s verification platform, borrower assets can be confirmed within minutes, without the need to find, copy and scan piles of paper documents for verification. This can reduce the mortgage origination time by more than a week while eliminating the hassle of paper documents and manual processes.
“Today’s consumers expect simple, rapid experiences on their computers and phones, and the mortgage process should be no different,” said Steve Smith, chief executive officer of Finicity. “AFR is embracing their role as a mortgage industry innovator, focused on meeting the expectations of the next gen consumer.”