Business Building Center
FinLocker has easy-to-use tools for your consumers to manage their money, monitor credit, budget, save, pay down debt, and improve their financial wellbeing on the path towards achieving their dream of homeownership.
Providing your customers with a FinLocker is a competitive advantage. Let us help you maximize that advantage with tips on using FinLocker to build your business and increase engagement with your white-labeled FinLocker, so your customers will get mortgage ready sooner, and you’ll create customers for life.
The Federal Housing Finance Agency (FHFA) has announced a 7.5% increase to the baseline conforming loan limit for Fannie Mae and Freddie Mac home loans financed in 2021 for nearly every county in the U.S.
The Federal Housing Administration (FHA) has announced a 7.4% increase to the low-cost and high-cost area loan limits for FHA home loans financed in 2021 for 3,108 counties across the nation. FHA’s loan limits will remain unchanged in 125 counties.
In 2021, a significant wave of millennials will be 30-353, the prime homebuying age for first-time buyers. FinLocker can help you to fill your pipeline with Millennial homebuyers and position yourself to capture their repeat business and referrals.
FinLocker levels the paying field with a digital solution that empowers borrowers to become mortgage ready at their own pace and can deliver an experience that will ultimately drive repeat business and referrals.
Mortgage lenders and originators who successfully transformed their business almost overnight in March 2020 had a record year in 2020. 2021 is expected to be another year of change. Identify what strategies elevated your business in 2020 and prepare to pivot in 2021.
In honor of Black History Month, we’ve examined the racial disparity in homeownership and ways for the fintech, finance, and mortgage industries to improve Black Americans' homeownership rate.
Nurturing Consumers Towards Mortgage Readiness
Borrowers come to you at all levels of financial preparedness. FinLocker can get your borrowers mortgage-ready at their own pace, and drive brand loyalty.
Learn how consumer-permissioned data is a win-win for consumers and lenders in the mortgage process. Establishing trust between lender and borrower, while providing borrower with an extra layer of protection.
How one FinLocker client gained a competitive edge by adopting Fannie Mae’s Desktop Underwriter validation service for employment and income to verification to pre-approve and close loans in 10 days.
Ethan was typical of many young first-time homebuyers - a short credit history, average credit score and no down payment savings - except he had a FinLocker. Read his journey to homeownership.
How FinLocker’s partnership with Fiserv allows lenders in the FinLocker network to incorporate financial data aggregation and personal financial management tools from Fiserv into the loan preparation process for low- to moderate income borrowers.
Vetted VA founder, Christopher Griffith, was seeking additional financial tools to assist Veterans in achieving their financial goals. In March 2020, Vetted VA partnered with FinLocker to deploy the Vetted VA Go Bag, the financial planning and monitoring tool for Veterans.