FinLocker provides the ability to manage and share your financial information with lenders and other businesses. Using FinLocker, you create your financial profile utilizing online account information. Financial accounts are securely enrolled on FinLocker in accordance with your preferences for information sharing. Types of financial information are controlled by you and can include bank statements, brokerage statements, credit card statements, pay statements, tax transcripts, etc. You control who to share the information with, what information is shared, and how long the data is shared. You are also provided with visibility on the data that was accessed by approved third parties. This control allows you to collaborate with whomever you have shared financial information within a safe and secure manner.
Once invited to a FinLocker by a lender, realtor or other sponsor, you can set up your account at no cost. To create a FinLocker profile, simply click “Enroll Now” on your invitation. Then follow the simple process to enter one or many financial account information to set up your financial locker. .
FinLocker saves you time and the hassles of locating, faxing and responding to multiple requests for explanation or additional documentation that can re-occur each time you apply for a loan. You are always in control and must consent to the release of access to your specified financial information. In addition, you can utilize FinLocker’s personal financial management tools at no cost.
FinLocker needs for you to prove you can log in to your online bank and other financial accounts to prove they are your account(s), and so FinLocker can securely pull the required financial information to process your loan (for example, electronic bank statements). Access to your connected accounts is read-only. Neither our systems nor their access to your financial accounts have any ability to initiate or modify transactions of any type. They cannot perform any action that would in any way cause any financial transaction to occur. Your financial account data remains with your bank, brokerage, or credit card company; FinLocker only captures a copy of the data retrieved by the parties you have granted access. Full transparency is available to you. You are notified each time your data is accessed.
Yes, FinLocker provides the ability to change your bank accounts or financial accounts profile. Click on the “Delete” link of the account you wish to remove and you will be presented with a warning that you are about to delete the profile. Click the “Delete” button. Your FinLocker profile for that account will be deleted.