FinLocker Leverages Aggregation Technology from Fiserv to Enhance Analytics Solution for Mortgage Industry

Having the right data can make all the difference when it comes to delivering a positive user experience.

FinLocker (http://www.FinLocker.com), a financial data and analytics company, today announced a strategic relationship with Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions. The relationship between FinLocker and Fiserv creates the opportunity for lenders within the FinLocker mortgage network to incorporate financial data aggregation and personal financial management tools into the mortgage origination process.

With access to financial data via aggregation, lenders can automatically validate critical borrower information, including employment, income, assets, taxes, credit and other information, against mortgage and other lending guidelines, as well as highlight actionable areas. FinLocker’s platform can dramatically reduce lender costs, data errors and processing timelines by eliminating reliance on the consumer to collect and submit paper documents, then analyzing the corresponding data. Utilizing aggregation technology to streamline the collection of required information makes life much easier for the consumer.

In addition, personal financial management tools from Fiserv will provide additional data for FinLocker’s patented re-usable “financial locker” for consumers, which can be used for mortgages, auto loans, student loans, small business loans and other consumer transactions.

“Fiserv is a trusted provider to financial institutions. Leveraging market leading financial data aggregation from Fiserv within our analytics platform will provide lenders and consumers with more comprehensive coverage and better data quality,” said Peter Esparrago, FinLocker CEO & Co-Founder.

“Having the right data can make all the difference when it comes to delivering a positive user experience,” said Russ Chacon, vice president, product management, Fiserv. “Our aggregation tools are continually being adapted into new markets, and this integration with the FinLocker platform is another step in providing the insights businesses need to deliver the capabilities consumers expect.”

About FinLocker

FinLocker is a secure financial data and analytics platform that eases the pains of the…

Read the full article from the Source…

Leave a Reply

Your email address will not be published. Required fields are marked *