LEAD to LOAN to CUSTOMER FOR LIFE Platform

BENEFIT FOR CONSUMERS

  • At no cost to you, you have access to a re-usable financial locker with tools to manage personal finances. Your financial locker acts as a virtual personal digital assistant that can help decide what kind of loan to apply for, manage your budget, understand your borrowing readiness, and plan for a future life event through goals, credit awareness, education and calculators.

BENEFITS FOR BUSINESSES

  • You provide a white labeled financial locker to a consumer before the loan transaction take place. Through the secure financial locker, you may present offers or recommendations to the consumer.
  • Receive insights on usage and status, and provide notifications and assistance to reach their financial goals.
  • A FinLocker enables loan transactions, financial education, and more….
SECURITY

Bank-level security, SOC 2 Type 2 certification, and defense-in-depth security controls

Bank-level security, SOC 2 Type 2 certification, and defense-in-depth security controls

Bank-level security, SOC 2 Type 2 certification, and defense-in-depth security controls

PRIVACY

Consumers control how their data is shared. Consumer personal
identifiable information will not be released without consumer consent .

Consumers control how their data is shared. Consumer personal
identifiable information will not be released without consumer consent .

Consumers control how their data is shared. Consumer personal
identifiable information will not be released without consumer consent .

Personal Financial Management Tools

At no cost to consumer users, they can utilize FinLocker to achieve the dream of homeownership and financial well-being.

At no cost to consumer users, they can utilize FinLocker to achieve the dream of homeownership and financial well-being.

At no cost to consumer users, they can utilize FinLocker to achieve the dream of homeownership and financial well-being.

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What Is FinLocker?

  • FinLocker is a transactional personal financial assistant tool that enables loans and financial transactions.
  • With consumer consent, FinLocker captures key borrower data (e.g., assets, income, taxes, credit, real estate, credit, insurance, and more) and applies intelligent analytics such as loan product recommendations based on a consumer’s financial profile, asset and income verification, and more. 
  • Plus additional innovative features, such as preparing first-time homebuyers financially, 140+ mortgage education videos, and real estate search.
Digital Mortgage Conference 2019
Streamlining the Lending Process
CENTRAL REPOSITORY OF INFORMATION

A secure data and document vault

AUTOMATED DATA AGGREGATION AND AI

With consumer’s consent, FinLocker retrieves and aggregates data from trusted sources and applies AI for insights and recommendations

COLLABORATION PLATFORM

Lenders can communicate with the consumer and offer promotions, products, customized notifications or personalized recommendations

INCREASED TRANSPARENCY

Borrowers are given unprecedented insight into and control over their data, giving them greater confidence

PROTECTION

Multiple layers of security and rigorous controls protect both consumer and lender data

PERSONALIZED RECOMMENDATIONS AND CROSS-SELL OPPORTUNITY

Lenders may leverage data to make personalized recommendations and streamline digital transactions

UP-TO-DATE FINANCIAL TRANSACTIONS AND BALANCES

Balances updated as recent as the previous business day

VERIFY INFORMATION DIGITALLY + ANALYTICS

FinLocker’s Day 1 Certainty asset verification and income analysis streamlines loan processing and underwriting

The Desktop Underwriter® (DU®) validation service (from Fannie Mae) uses third-party data vendors to independently validate borrower income, employment, and asset data, providing Fannie Mae lenders Day 1 Certainty® on validated loan components. FinLocker is an authorized report supplier of asset validation through Desktop Underwriter®.

FinLocker is a member of the Mortgage Bankers Association

FinLocker has gone through the rigors of a third party that provides reports intended to meet the needs of a broad range of users that need detailed information and assurance about the controls at a service organization (FinLocker) relevant to security, availability, and confidentiality of the systems the service organization (FinLocker) uses to process users’ data and the confidentiality of the information processed by these systems.

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