LEAD to LOAN to CUSTOMER FOR LIFE Platform
What is FinLocker?
FinLocker is a white label (B2B2C) financial well-being platform that empowers consumers with the tools and resources to leverage their data to financially prepare to apply for a mortgage loan and achieve other important financial milestones. The platform directly connects mortgage lenders, banks, and other financial institutions with their consumers early in the sales process, streamlines the lending process, and helps them create customers for life.
FinLocker captures key borrower data (e.g., assets, income, taxes, credit, real estate, credit, insurance, and more) with the consumer’s consent and applies intelligent analytics to make loan product recommendations based on a consumer’s financial profile, asset, and income verification, and more.
FinLocker users have access to additional innovative features, including personalized first-time homebuyer preparation and a real estate search, which can be accessed directly through the platform. Plus, an extensive library of educational resources on credit, the mortgage process, homeownership, college funding, auto loans, and credit cards.
Latest FinLocker News
Prabhakar Bhogaraju Appointed FinLocker’s Executive Vice-President, Head of Strategy & Product DevelopmentApril 1, 2021
Fannie Mae White Paper: How Personal Financial Management Solutions Might Reshape Consumer Access to Mortgage LendingMarch 16, 2021
FinTech Hunting Podcast with Brian Vieaux, FinLocker President, and Kristin Messerli, Cultural OutreachJan 12, 2021
FinLocker Appoints Former Fannie Mae Head of Digital Products Henry Cason as Chief Executive OfficerOct 30, 2020
How FinLocker Streamlines 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
Lenders and consumers can communicate directly with each other through the platform to streamline financial transactions
Borrowers are given unprecedented insight into and control over their data, providing greater confidence to make better financial decisions
Multiple layers of security and rigorous controls protect both consumer and lender data
Lenders may leverage data to make personalized recommendations to their consumers
UP-TO-DATE TRANSACTIONS AND BALANCES
Consumer financial account transactions and balances are updated each 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.