Instant Bank Verification - Mortgage
WHAT IT IS:
Real-time transactional data from over 20,000 financial institutions worldwide. Instant Bank Verification assists lenders by verifying a bank account 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. IBV is available in the United States, Canada and the UK and operates in full compliance with all applicable current laws and regulations.
WHAT IT DOES:
Use Instant Bank Verify to:
*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.
Gain visibility into a customer’s daily banking activity.Learn More
Check a customer’s balances before accepting a check.Learn More
Confirm a check has cleared a customer’s bank account.Learn More
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