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.
About Envestnet
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.
For more information on Envestnet, please visit
www.envestnet.com and follow @ENVintel
(https://twitter.com/envintel).
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SOURCE Envestnet | Yodlee