Truly transforming the borrower experience will require a more complete overhaul in the way data is collected and shared. One that is cost-effective for lenders, while still maintaining borrower trust.
Lenders across the industry are realizing the benefits of accessing data from providers that securely share the borrower’s information, with their consent, pulling the data directly from source systems. Banking data aggregators have led this movement in asset verification, but now a new category of providers is bringing credential-based payroll data to the origination process to streamline income and employment verification.
This white paper will outline how leveraging a credential-based data provider can save money for lenders, reduce friction for borrowers, speed time to close, and overall bring lenders one step closer to a one-click mortgage.
Date: June 2021