Attract, Build & Nurture Your Customer Relationships
FinLocker offers the next generation technology engagement solution that empowers mortgage lenders, originators, servicers, credit unions, banks, credit and housing counselors to provide their customers with personalized financial solutions and a path to homeownership.
Improve the Financial Health of Those Who Matter Most to Your Business
Compliment your CRM and POS tech stack with a private-labeled homeownership focused financial fitness platform reflecting your brand and value proposition for customer acquisition, nurturing, and retention.
Consumer-permissioned data and proprietary analytics drive FinLocker to deliver personalized financial journeys that help consumers achieve and sustain homeownership, enabling financial institutions to efficiently manage their customer pipeline and provide seamless borrowing experiences that create customers for life.
Mortgage lenders and loan originators use FinLocker to attract new customers and nurture homebuyers toward mortgage readiness.
Mortgage lenders and servicers use FinLocker to retain and recapture homeowners, creating customers for life.
Credit unions and banks use FinLocker to attract new members, improve their financial fitness and help them to achieve homeownership.
FinLocker compliments the advice credit and housing counselors provide to clients repairing credit and improving their financial health.
FinLocker is the All-in-One App to Achieve Financial Fitness and Mortgage Readiness
Whether your customers want to purchase a home in the next few months or are years away from purchasing, FinLocker can help improve their financial fitness and understanding of the homebuying process. FinLocker provides tools and resources to help all users build and maintain their credit, manage their finances, budget, and save to achieve their financial goals. Homebuyers and homeowners can access additional tools and receive persoanlized action plan to qualify for a mortgage and sustain homeownership.
Data driven journeys based on financial goals
FinLocker engages with each consumer on behalf of their sponsoring lender or financial institution using their chosen homeownership goals and their consumer-permissioned financial data.
Monitor and improve credit health
FinLocker users have access to their credit score, credit report, and credit monitoring powered by TransUnion. They’ll be notified when their credit score increases or decreases, track their credit history, and if any inquiries and/or alerts are placed on their credit report.
Single pane-of-glass view of financial life
Consumers receive a consolidated, real-time view of transactions in their banking accounts, credit card accounts, auto loans, student loans, retirement, and investment accounts.
Make informed financial decisions
Proprietary Spending Analysis categorizes every transaction in the enrolled accounts and provides a visual spending summary. Consumers see where they’re spending their income, so they can make informed financial decisions, receive personalized and actionable recommendations, and prepare for their lending transactions.
Make informed credit actions and decisions
The interactive credit simulator takes the guesswork out of credit decisions by showing consumers how the decisions they make can lower or increase their credit score in the future.
Establish savings goals, budget and track progress
Create trackable savings goals, custom budgets, and project cash flow to save for down payment and closing costs, pay down debt, and plan how to achieve other short-term and long-term financial goals.
A personal path to achieve homeownership
Personalized homeownership journeys
FinLocker places each consumer on a personalized data-driven journey based on where they are in the homeownership process.
Homeowners can learn how to sustain homeownership, build their household wealth and achieve other financial goals.
Homebuyers can track their progress toward mortgage readiness
My Homeownership Snapshot analyzes enrolled financial data to show homebuyers in real-time where they are on their journey towards being mortgage-ready in just a few minutes.
Homebuyers receive personalized an action plan to improve their credit score, continue saving for their down payment or reduce their debt-to-income ratio.
When homebuyers achieve mortgage readiness they are encourgaged to share the results of their Homeownership Snapshot with their loan officer to get pre-qualified.
Calculate home affordability
Proprietary and advanced analytical technology calculates an affordable home budget with a monthly mortgage payment that fits a consumer’s income and recommends how much they should save for their down payment and closing costs. Consumers can quickly create a trackable goal to save for their cash to close.
Homeowners can use the early payoff, debt consolidation, and HELOC calculators then connect directly to their loan officer through the app to begin their loan transaction.
Search for a new home & monitor home value
Homebuyers can start their home search directly from the app. They can set search criteria based on neighborhood, # of bedrooms, price, etc., and save favorite properties.
Homes eligible for down payment resources are highlighted.
Homeowners can monitor their home’s value and equity and see homes recently sold in their neighborhood.
Educational resources to prepare for homeownership
An extensive library of videos on Preparing for Homeownership, Common Mortgage Terms, Loan Products Overview, Steps in the Mortgage Process, Closing on Your Loan, After Closing prepares homebuyers for the mortgage process and homeownership.
Additional articles and videos on Home Buying (in English and Spanish), Home Equity, Insurance, and Credit Cards educate on the responsibilities of homeownership.
Securely store financial and personal documents
Everyone with a FinLocker account can securely store their personal and financial documents, including tax returns, W-2s, pay stubs, and insurance, that can be later shared with their lender using a patented process for their mortgage application. Data is protected with bank-level security, and stored using AES-256 encryption.
Consumer permissioned sharing of data and documents streamlines mortgage applications
Homebuyers can securely share data and documents from their app with their loan officer using a unique patented process to start their mortgage application. Data is encrypted in transit and at rest, protecting both consumer and lender.
The shared data essentially prefills the mortgage application, streamlining the application process for both originators and homebuyers.
Latest FinLocker News
First-Time Homebuyer Webinars: Driving Mortgage Readiness via Technology-Driven Engagement
FinLocker Issued Patent To Assess a Consumer’s Readiness for a Product or Service Using Consumer-permissioned Data