Finicity, a financial data aggregation and insight platform, has partnered with Cre8tech Labs to accelerate decisions for mortgage lending.
The initial plan for the partnership will see the integration of Finicity Verification of Assets solution with Cre8tech Lender Price Digital Lending platform. Through this, Cre8tech hopes to improve the digitisation of the mortgage process of lenders and borrowers.
Finicity is a credit decisioning solution to help lenders improve accuracy and lower fraud, while providing clients with a paper-free solution that tracks transaction data directly from financial institutions. Its data-sharing ecosystem provides solutions for financial management, payments, expense reporting, tax management, loan analysis and credit decisioning in mortgage lending.
Cre8tech Labs is a digital lending platform which supplies loans for mortgage, vehicle, credit card, and personal loans. The company also provides users with real-time analytics, supporting the users with performance benchmarking and analysis, machine learning algorithms, competitor pricing data and real-time reporting.
Finicity CEO and co-founder Steve Smith said, ?Consumers understandably want the most accurate information when making a life-altering purchase like a new house. Lenders want to meet those expectations while improving efficiency and profitability.
?Were excited to work with Lender Price, another disruptor that is enhancing the mortgage lending experience for borrowers and lenders with a smart, digital solution.p>
Earlier in the year, Cre8tech Lender Price partnered with Ellie Mae mortgage management solution Encompass. The deal saw Lender Price integrate its technology with Encompass to enable lenders to price and lock loans, helping to simplify the loan origination process.
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