Verifications of a consumer’s assets, employment, and income information are completed electronically, increasing efficiency and speed.
Automated Calculations and Review
FinLocker’s robust income calculations do substantial work for your staff while simultaneously reducing errors, and smart analytics catch potential risk factors that can be easily missed by humans.
Business users can reduce costs and empower consumers to accelerate the aggregation of financial data through a secure data management and analytics platform that can be readily streamlined into origination, underwriting, and servicing processes.
Our solution features:
Consumers are given unprecedented insight into and control over the data they share
Electronic verifications of a consumer’s asset, employment, and income information
Historical view of a consumer’s assets, income, and liabilities
Income data is automatically populated into a robust worksheet and calculated
Automated review by smart analytics and a sophisticated rules engine
Collaboration platform for better communication with consumers
Multiple layers of security and rigorous controls protect both consumer and lender data