LoanPro Enhances Loan Management Platform With Finicity’s Open Banking Network

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2021-11-09

SALT LAKE CITY, November 9, 2021 / PRNewswire / – LoanPro, a technology leader in loan management software, today announced an agreement with Finicity, a Mastercard company and a leading provider of open banking solutions. LoanPro will use consumer-authorized data and smart analytics from FinicityPay solutions to verify account ownership, fund loans, and mitigate payment failures and fraud.

Finicity’s commitment to delivering accurate and secure data in addition to focusing on streamlining the consumer experience aligns with LoanPro’s focus on data visibility and complex simplification.

Rhett roberts, CEO of LoanPro and Co-Founder of LoanPro, said, “We are delighted to be working with the Finicity team and premium brand. Their products are a great complement to LoanPro by providing a complete solution to our customers. Our goal is to provide the world’s most robust and quality user experience for loan servicing, and this partnership is helping to move this initiative forward. “

Consumer-authorized data and real-time account verification capabilities simplify and improve the payment process for both the consumer and the loan administrator. Using the LoanPro platform, customers can fund a loan, recover closing and origination costs, and set up recurring payments for mortgage, auto, medical, or personal loans.

“The COVID-19 pandemic has increased the adoption of digital payments by consumers and as a result, financial institutions have seen an increased demand for digital loan repayment solutions,” said Richard kuhn, Senior Vice President of Business Development. “Accessing authorized data by consumers from an open banking network can improve payment success and mitigate payment failures and fraud.”

About LoanPro
LoanPro is SaaS-based loan management, management and collection software that empowers lenders with cutting edge technology through automation and data visibility. LoanPro offers a complete, configuration-first and API-based lending solution. LoanPro is hosted on Amazon Web Services (AWS) “the cloud” and is designed to streamline loan management and loan collection workflows. LoanPro focuses on the visibility and simplicity of data on a PCI, SOC I and SOC II certified platform. For more information on LoanPro, visit LoanPro.io or call (800) 559-4776.

Lloyd roberts, CRO
(800) 559-4776 ext: 707
[email protected]

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SOURCE PrêtPro


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