When applying for a mortgage, verifying your assets is an essential part of the process. Traditionally, this meant gathering and sending multiple bank statements—sometimes more than once—throughout your loan journey. But thanks to the Automated Asset Verification from Finicity, a Mastercard company, this process is now faster, more secure, and more convenient than ever.
If you’re still curious how automated assets work and why they’re beneficial, we’ve got answers to some of the most common questions homebuyers ask!
What is Automated Asset Verification?
Automated Asset Verification allows you to securely link your financial accounts with your lender, providing proof of funds without the need to manually send your bank statements throughout the loan process. If your financial institutions work with Finicity, your financial information will be automatically verified, saving you time and reducing paperwork.
- Saves time – No more gathering and resending bank statements.
- Increases security – Your data is encrypted and protected.
- Reduces loan conditions – Prevents expired statements from delaying your loan.
Is Automated Asset 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, nothing more.
Why Should I Use Automated Asset Verification?
Using Auto Assets through Finicity makes the mortgage process smoother and more efficient by eliminating the hassle of repeatedly providing bank statements. Here’s why it’s a great option:
- Speeds up verification – Get approved faster without delays.
- More convenient – Avoid manually uploading statements.
- Prevents expired documents – Bank statements often expire before closing, requiring updates. Auto Assets keeps your information current automatically.
By opting in to Automated Asset Verification, you’ll save time, reduce paperwork, and make your mortgage experience as stress-free as possible!
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:
- Access it online at Consumer.FinicityReports.com.
- Request it from your Loan Team using the Report ID.
Automated Asset 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 while ensuring your data remains protected. Please note, not all financial institutions are available through Finicity so you may still need to provide actual documentation or paper statements.
If you have questions or want to learn more, reach out to your Pulte Mortgage loan team today!
