REDWOOD CITY, Calif., Dec. 9, 2016 /PRNewswire/ -- Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, today announced its new Mortgage Asset Verification product for the U.S. market. Envestnet | Yodlee's Mortgage Asset Verification report will provide lenders with a quick and simple way to obtain a report verifying a customer's assets, eliminating the need for consumers to supply account statements.
"For years, lenders and loan officers have been looking to streamline the process of asset verification in a way which offers a better client experience and reduces time to closure," said John Bird, Vice President of Product Marketing at Envestnet | Yodlee. "The Envestnet | Yodlee Mortgage Asset Verification report provides a simple, secure and highly flexible way for lenders to request and receive in-depth reports verifying borrower's assets. Not only does this help close loans faster through more efficient processing, it also eliminates a serious pain point for their customers during the application and underwriting process."
The Mortgage Asset Verification report utilizes Envestnet | Yodlee's powerful data aggregation platform to seamlessly obtain real-time account and transaction data directly from financial institutions. This information, along with industry leading data analytics and summary calculations, provides a comprehensive view of both cash and investment assets. The report can be easily shared with other third parties including mortgage aggregators and credit reporting agencies, and can be delivered in PDF format or as a data package. The solution provides all the necessary consumer and lender experience portals to get a lender up and running quickly, and also offers easy integration into existing systems through a streamlined API.
The Envestnet | Yodlee Mortgage Asset Verification report protects consumers and lenders by implementing a complete Fair Credit Reporting Act (FCRA) framework around the use of consumer reports and rights to disclosure and dispute. Furthermore, Envestnet | Yodlee maintains the highest level of security, and is regularly audited by the US Department of Treasury, the Office of Comptroller of the Currency (OCC), and many of the largest financial institutions in the world to ensure the latest security standards are continuously satisfied. By working with Envestnet | Yodlee, lenders can feel assured by the stability that comes with partnering with an established, industry leading company.
For more information about The Mortgage Asset Verification solution, please visit www.yodlee.com/mortgage-report.
Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to financial enterprises and advisors. Our solutions unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet enables the transformation of wealth management into a transparent, independent, objective, and fiduciary standard of care, and empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.
Envestnet's Advisor Suite enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, personalized financial apps and services for millions of consumers. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors. Envestnet | Retirement Solutions provides retirement advisors with an integrated platform that combines leading practice management technology, research and due diligence, data aggregation, compliance tools, fiduciary solutions and intelligent managed account solutions.
More than 52,000 advisors and 2,500 companies including: 16 of the 20 largest U.S. banks, 38 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients.
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SOURCE Envestnet | Yodlee