—Faster approval is necessary for consumers to make smarter financial decisions about their mortgage needs—
InstaMortgage, a tech-driven mortgage lender licensed in 26 states, announced that it has adopted technology provided by Finicity, a Mastercard company, to help consumers make smarter financial decisions through its safe and secure access to fast, high-quality, consumer permissioned data verification during the mortgage lending process.
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“Technology like this is allowing InstaMortgage to offer a radically different mortgage experience to borrowers in 26 states”
InstaMortgage leverages Finicity’s Mortgage Verifications Services to instantly verify financial information to confirm a borrower’s asset, income, and employment status during the lending process. The adoption of Finicity MVS technology makes the already super-quick InstaMortgage mortgage lending process even faster.
“At InstaMortgage, we want the highest-quality experience for our borrowers during the mortgage lending process,” said Shashank Shekhar, CEO of InstaMortgage. “One of the biggest challenges to an amazing consumer experience is asking for too many documents from the borrower. With Finicity, a Mastercard company, we can instantly verify and source assets, income and employment documents thus making the process faster and hassle-free for our borrowers.”
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In a competitive lending environment, a borrower needs quick mortgage approval when they find the home they want to purchase. The lending process should be as seamless as possible. InstaMortgage selected Finicity for its transparency and ability to help consumers improve their financial health and buying capability. By adopting Finicity’s technology, InstaMortgage has added yet another tool to its digital arsenal that provides one of the fastest mortgage experiences possible for homeowners.
“Technology like this is allowing InstaMortgage to offer a radically different mortgage experience to borrowers in 26 states,” continued Shekhar. “We are continuing to add partners and cutting-edge technology that will improve the lending experience for our borrowers. InstaMortgage will add more services in 2022 to make getting a mortgage from us one of the best lending options available in the industry.”
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