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Instant Bank Verification - Mortgage

Verify bank accounts in real time. Make smarter mortgage loan decisions, faster.

WHAT IT IS:

Get real-time access to 90+ days of transactional data from over 20,000 financial institutions worldwide. Instant Bank Verification assists lenders by verifying a bank accounts instantly while providing up-to-date banking statements and multiple identity verifications.  IBV Mortgage is billed only on usage (‘hits’ only) and is available as a consumer-facing web portal or an API. There is no implementation fee for using IBV Mortgage.

WHAT IT DOES:

Use Instant Bank Verify to:

  • Verify an applicant’s ability to repay a loan
  • Verify income and direct-deposit accounts
  • Verify an individual’s current and available account balances
  • Verify an SSN/SIN*
  • Verify Address and telephone number details*
  • Discover an individual’s other financial obligations and loans
  • Eliminate fraudulent bank statements
  • Eliminate the need for consumers to email or fax statements

*subject to availability based on location

WHAT IT IS USED FOR:

Used for underwriting mortgage loans, Instant Bank Verification hastens the decisioning process allowing you to close more loans faster.

Instant Bank Verification – Mortgage is based on a consumer permissioned model and is safe, secure and industry compliant meeting the provisions of PCI DSS 3.0 and Safe Harbor regulations. Through Instant Bank Verification, applicant data is scoreable, customizable and fully automated.

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