Customers using this solution
Blend
Ellie Mae
MoneyLion
Purpose Financial
The Problem

Most lenders struggle to gain a holistic picture of their applicants due to the amount of work and time it takes to collect income information, account balances, and asset history. It's also a cumbersome process to get borrowers to connect their bank accounts to receive capital and repay loans.

The Solution

Plaid provides borrowers with an easy, streamlined loan experience while giving lenders access to the user-permissioned bank, payroll, and document uploaded data they need to make informed lending decisions.

some kind of certificate
Trusted by Fannie Mae

Plaid is a certified Day 1 Certainty™ asset verification report supplier for Fannie Mae’s Desktop Underwriter®

Seamless experience

Plaid’s login module for end users is easy to customize and drop into an online loan application

Loan applicants choose instant verification 38% more often with Plaid products [Bank Income & Assets] than they did with the previous solution.
Perch logo
Nathan Wiggins, Director of Technology Innovation at Purpose Financial
Products and benefits
Verify borrowers’ assets digitally
Verify borrowers’ assets digitally

Assets provides a consolidated report with account balances, uncategorized and categorized transactions, and account identity information

Verify income and employment
Verify income and employment

Income allows users to verify income and employment in seconds–not days–while streamlining the loan decision process for lenders

Verify borrowers' identities
Verify borrowers' identities

Identity confirms users' identities with what's on file at the bank—in other words, their name, phone number, address, and email — to reduce fraud

Check balances in real-time
Check balances in real-time

Balance instantly checks whether users have the funds to make a payment or transfer

Instantly authenticate accounts
Instantly authenticate accounts

Auth pulls users' account and routing information information icon, which can be used to enable seamless payments and transfers in the US and Canada, and debit withdrawals in Europe

How it works

Integrate with Plaid

It takes just a few lines of code to drop our front-end module into your app or digital service. Your users will be prompted to connect their bank account, which will launch the Plaid module.

Integrate with Plaid
How it works

Customize for conversion

Customize the module to fit your brand or user preferences, including which financial institutions show up first.

On average, it takes users 11.5 seconds to open the module, find their bank, and input their bank username and password to connect their accounts.

Customize for conversion
How it works

Audit borrower assets

With Assets, we produce the verified assets and other financial data you need in a consolidated report.

Audit borrower assets
How it works

Verify a user’s income and employment

With Income, it’s easy to retrieve comprehensive identity, employer, and gross and net income data–straight from the source, and in a structured and easy-to-process format.

Verify a user’s income and employment

Questions about how Plaid can fit into your business?

Our Sales team can help you find the right solution. Fill out the form and we’ll get in touch shortly.

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