When financing a new construction home, lenders typically verify—and then re‑verify—your assets, income, and employment before closing. In the past, this meant repeatedly collecting and submitting documents throughout the process. But with our Automated Asset, Income & Employment Verification technology powered by Finicity, a Mastercard company, verification is now faster, simpler and more convenient than ever.
Wondering how automated verification works and why it’s beneficial? Below, we answer some of the most common questions homebuyers ask.
What is Automated Asset, Income & Employment Verification?
Automated Asset, Income & Employment Verification allows you to securely connect to your financial accounts so your lender can quickly verify your funds, income and employment. Instead of downloading and sending documents manually to your Loan Team, everything is handled automatically—making the process faster, easier and more secure for you.
Automated Asset, Income & Employment Verification…
- Saves time – No more gathering and re-sending bank statements and employment records manually.
- Streamlines processes – Eliminates the potential for redundancies or errors.
- Mitigates delays – Prevents expired statements from delaying your loan.
Is Automated Verification Secure?
Yes! Security is a top priority, and this process is designed to protect your sensitive financial information. Finicity uses multiple layers of security to ensure your financial data remains safe. This includes:
- Encryption – Protects your information from unauthorized access.
- Firewalls & Security Audits – Prevents breaches and ensures compliance.
- Password & Account Protection – No one can access your credentials.
- Physical Security in Facilities – Data is stored in highly secure environments.
If I Connect My Bank Accounts, Will Pulte Mortgage Have Access to My Passwords or Funds?
No! Pulte Mortgage will not have access to your login credentials or the ability to move or transfer any of your funds. Finicity simply retrieves read-only data needed to verify your assets, income and employment details – nothing more.
Why Should I Use Automated Asset, Income & Employment Verification?
Using Automated Asset, Income & Employment Verification makes the mortgage process smoother and more efficient by eliminating the hassle of repeatedly providing documents manually. Especially with new home construction financing that can span several months, it’s common for documents to expire before closing. Automatic Verification lets your lender update this information automatically, reducing extra steps and delays.
By opting in to Automated Asset, Income & Employment Verification, you can save time, cut down on paperwork, and enjoy a smoother, more stress‑free mortgage experience.
Can I Access My Report After Linking My Accounts?
Yes! If you’d like a copy of the report with your linked financial institutions, you can either:
- Access it online at Consumer.FinicityReports.com.
- Request it from your Loan Team using the Report ID.
Automated Asset, Income & Employment Verification through Finicity is a secure, efficient and hassle-free way to verify your financial information during the mortgage process. By opting in, you can streamline your home loan approval process while ensuring your data remains protected. Please note that not all financial institutions are supported by Finicity, so you may still need to provide paper statements or other documentation if your bank isn’t eligible.
