Finicity, a provider of real-time financial data access and insights, and Ellie Mae®, the leading cloud-based platform provider for the mortgage finance industry, today announced that Finicity’s digital Verification of Assets (VoA) solution is now available through Ellie Mae’s Encompass® Consumer Connect, part of the Encompass® Digital Lending Platform.

Today’s consumers expect an increasingly simple, fast and accurate application process. This has been made possible by digital solutions such as Finicity’s Verification of Assets which can shorten the application process by as many as six days. Now borrowers can access this solution through Encompass Consumer Connect matching an automated, enhanced customer experience with the efficiency of digital verification.

“We believe that consumer expectations are driving the mortgage lending experience to one that is simple and intuitive,” said Steve Smith, CEO and co-founder of Finicity. “We’re excited to partner with Ellie Mae through the Encompass Consumer Connect platform to deliver a next-gen experience to borrowers while helping lenders create a more efficient origination process.”

Tedious applications and piles of paperwork detracts from the excitement of buying a first home. Integrating the Finicity solution into Consumer Connect streamlines the application and origination process for borrowers and helps lenders be more efficient and engaging while closing loans faster.

In addition to the availability of digital verification functionality in Consumer Connect, the companies have enabled data mapping for required fields into the 1003 application and loan officer notifications, as well as other enhancements, in Encompass.

Finicity is an authorized, integrated provider of asset verification reports within Fannie Mae’s Desktop Underwriter® (DU®), giving lenders a validated asset report through Fannie Mae’s Day 1 Certainty™ initiative, and the company is part of Fannie’s Single Source Validation (SSV) pilot. Finicity is also an authorized Freddie Mac asset and income modeler (AIM) validation report provider within Freddie Mac’s Loan Product Advisor.

Finicity VOA reports in Encompass and Consumer Connect are available from our resellers including through our Experian partnership and their CRA resellers.