Princeton Mortgage is working with Finicity to automate borrower asset verification for lenders. The aim is to provide Princeton Mortgage loan officers and borrowers with a faster, simpler loan origination experience that reduces both paper and  number of days required to close loans.

Princeton Mortgage’s digital mortgage platform, SnapApp, will leverage Finicity’s verification of assets solution to give lenders access to the data insights they need to streamline the loan application process, reduce mortgage fraud, free up resources and shorten time to close.

Automation can cut the verification process from days to minutes as borrowers no longer need to search for bank statements, and lenders have more time to focus on high-value activities, such as approving more loans.

“We’re thrilled to work with Princeton Mortgage and to provide its customers with an innovative, paper-free and hassle-free experience,” said Steve Smith, CEO at Finicity. “We are always looking for partners who share our goal of transforming outdated loan origination processes into seamless digital experiences.” Finicity delivers real-time financial data aggregation and insights to lenders.

Princeton Mortgage created The Effortless Mortgage to perfect the user experience in loan origination. The solution includes platforms for integrating, managing and securing data to reduce stress and complications in the process for both brokers and borrowers. The Princeton Mortgage SnapApp is a key component to this process as it allows customers to get pre-approved in minutes from their phone, tablet or desktop.

“Borrowers want an effortless mortgage experience, and with our new SnapApp they get just that. Through SnapApp’s automated digital mortgage process, borrowers can apply, verify their income and assets, pull their credit, run an automated approval and even receive a pre-approval letter in the middle of the night, at their convenience,” said Nicole Gordon, sales enablement manager for Princeton Mortgage.