Finicity has joined forces with Ellie Mae to integrate its digital verification of assets (VOA) with Ellie Mae’s Encompass digital lending platform.
Lenders can now access Finicty’s VOA, which streamlines the origination process to as little as six days, via Encompass. In addition, lenders can also request and review digital asset verification report in near real-time, reducing the duration of the verification process from days to minutes.
“With the integration of Finicity’s digital Verification of Assets through our Encompass Digital Lending Platform, we are further enabling loan officers, processors and other key lender participants to reduce cycle-times and offer a more complete digital mortgage experience for their customers,” said Parvesh Sahi, senior vice president of business development at Ellie Mae.
“We believe that consumer expectations are driving the mortgage lending experience to one that is as simple and seamless as they’re having in other parts of their life, like e-commerce, ride-sharing, and more,” said Steve Smith, chief executive officer and co-founder of Finicity. “We’re excited to partner with an organization like Ellie Mae, that shares this vision and is pushing innovation in the mortgage space.”