PRESS RELEASE: Floify and CBCInnovis Join Forces to Provide Seamless Credit Reporting at Loan Origination
Integration automatically collects a borrower credit report upon the submission of a loan application or on-demand, further streamlining the mortgage process,
BOULDER, COLO – October 18, 2018 – Floify, the mortgage industry’s leading point-of-sale solution, announced today an integration with CBCInnovis, a leading provider of credit and data verification services to the mortgage lending industry.
This collaboration enables CBCInnovis customers who are using Floify to streamline their mortgage process to automatically collect a borrower’s single, dual or tri-merge credit report using data from one, two or all three of the nationwide consumer reporting agencies upon submission of a loan application, or on-demand from their Floify dashboard. With the availability of this data, lenders can more accurately determine the likelihood of a borrower fulfilling the terms of their loan.
Floify’s integration with CBCInnovis credit reporting services also eliminates the hassle of collecting credit reports by empowering borrowers to digitally submit their consent directly to lenders in just a few clicks.
“The credit reporting integration we developed hand-in-hand with CBCInnovis has created a comprehensive, seamless loan process for our mutual customers by helping to efficiently facilitate the processing of CBCInnovis credit reports,” said Dave Sims, CEO of Floify. “We are excited to work with CBCInnovis to continue our efforts to centralize mortgage document collection in a single system, which improves the efficiency and experience of the homebuying process for both lenders and borrowers.”
Launched in 2017, Floify’s suite of third-party integrations allows partners to build opt-in applications that push relevant data to mortgage professionals and loan stakeholders via the Floify point-of-sale system.
“CBCInnovis is excited to announce our integration with Floify,” said Ken Viviano, Senior Vice President of CBCInnovis. “We strive to align ourselves with technologies that streamline lender workflows and increase efficiencies; this new integration with Floify is a step toward that important goal.”
CBCInnovis offers a diverse portfolio of lending support solutions to the financial services industry. With tools designed to enhance efficiency and streamline processes, CBCInnovis solutions can assist with merged credit report services, identity, income and employment verification, fraud and risk mitigation, flood determinations, property appraisal and valuation, and closing services. Please visit cbcinnovis.com.
Floify is a digital mortgage point-of-sale solution that streamlines the loan process by providing a secure application, communication, and document portal between lenders, borrowers, referral partners, and other mortgage stakeholders. Loan originators use the platform to collect and verify borrower documentation, track loan progress, communicate with borrowers and real estate agents, and close loans faster. The company is based in Boulder, Colorado and is privately held. For more information, visit the company’s website at floify.com or on social media at Facebook, LinkedIn, or Twitter.