InstaMortgage Adopts Finicity’s Mortgage Verification Services to Allow Borrowers to Instantly Verify Their Financial Information | national business
SAN JOSE, Calif.–(BUSINESS WIRE)–Aug. February 2022–
InstaMortgagea technology-driven mortgage lender licensed in 26 states announced today that it has acquired technology provided by finicitya Mastercard company to help consumers make smarter financial decisions by providing secure access to fast, high-quality, consumer-approved data verification during the mortgage loan process.
InstaMortgage uses Finicity Mortgage Verification Services to instantly verify financial information to confirm a borrower’s assets, income and employment status during the lending process. The introduction of Finicity MVS technology makes the already super-fast InstaMortgage mortgage loan process even faster.
“At InstaMortgage, we aim to provide our borrowers with the best possible experience during the mortgage loan process,” said Shashank Shekhar, CEO of InstaMortgage. “One of the biggest challenges to providing an amazing consumer experience is asking the borrower for too many documents. With Finicity, a Mastercard company, we can verify and source assets, income and employment documents instantly, making the process quicker and smoother for our borrowers.”
In a competitive lending environment, a borrower needs quick mortgage approval when they find the home they want to buy. The lending process should be as smooth as possible. InstaMortgage chose Finicity for its transparency and ability to help consumers improve their financial health and purchasing ability. By adopting Finicity’s technology, InstaMortgage has added another tool to its digital arsenal that offers homeowners one of the fastest mortgage experiences possible.
“Technology like this allows InstaMortgage to offer a completely different mortgage experience to borrowers across 26 states,” continued Shekhar. “We continue to add partners and cutting-edge technology that will improve the lending experience for our borrowers. InstaMortgage will be adding more services in 2022 to make getting a mortgage from us one of the best lending options in the industry.”
please visit www.instamortgage.com to learn more about the radically different mortgage experience.
Originally founded as Arcus Lending in 2008 by Shashank Shekhar, the company was renamed InstaMortgage in 2021. InstaMortgage aims to offer its customers a radically different mortgage experience across 26 states. The company was named to the Inc 500 list of America’s Fastest Growing Private Companies. By combining their superior technology with expert advice, excellent customer service and competitive interest rates, they offer mortgage options tailored to each customer’s unique financial situation. InstaMortgage, dba Arcus Lending Inc, NMLS 1035734
View source version on businesswire.com:https://www.businesswire.com/news/home/20220210005236/en/
CONTACT: Alyson Austin
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEY WORD: BANKS PROFESSIONAL SERVICES FINANCE
Copyright Business Wire 2022.
RELEASE: 10/02/2022 09:00 AM / DISC: 10/02/2022 09:02 AM
Copyright Business Wire 2022.