Lenders using this solution
The Problem

Lenders struggle to gain a holistic picture of loan applicants due to the amount of manual work and time it takes to collect accurate data from multiple sources. Applying for a loan is also an overwhelming process for most borrowers.

The Solution

Plaid helps lenders make informed decisions through instant connectivity to source data, a seamless user experience, and automation that drives operational efficiency across the lending process.

Plaid across the lending process

Verify applicants’ identities at loan application without adding friction

Seamlessly verify identities

Fight fraud and handle KYC requirements, including data sources, documentary, and liveness (selfie) through Identity Verification.

Manage AML compliance

Monitor helps you stay compliant with ongoing AML screening with fewer false-positives and manual reviews.

Build a comprehensive, simple, and fast underwriting process

Access bank account information

Assets provides a fast and up-to-date view of a borrower’s bank accounts, allowing you to verify assets and account ownership in seconds.

Plaid is a certified Day 1 Certainty™ asset verification report supplier for Fannie Mae’s Desktop Underwriter® and Freddie Mac’s Loan Product Advisor® Asset and Income Modeler (AIM).

Verify income and employment

Income helps you verify anyone's income and employment with the most comprehensive, all-in-one product suite (Payroll, Bank, and Document Income).

Connect and verify accounts for loan disbursement and repayment

Instantly authenticate accounts

Auth instantly authenticates bank accounts for loan disbursement and repayment so you can set up ACH transfers from any bank and credit union in the US.

Check balances in real-time

Balance instantly checks whether borrowers have enough funds during loan repayment, protecting against overdraft and NSF fees.

Why Plaid

Industry’s leading coverage for data partners and types

Connectivity to 12,000+ data partners, ~85% of the US workforce via payroll providers, and the broadest coverage for identity and income documents and geographies - helping you reach more loan applicants in more places.

Why Plaid

Trusted user experience, optimized for loan application completion

Today, 1 in 2 US consumers with a bank account have already used Plaid to connect their financial accounts.

Our familiar onboarding flow and leading security and privacy tools give loan applicants the confidence they need to connect their financial data to your app or service and complete the loan application flow.

Why Plaid

Seamless integration and implementation

Developer-first product development for easy implementation and configurability to fit your loan processes and decisioning needs.

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.

By submitting this form, I confirm that I have read and understood Plaid’s Privacy Statement.

This form goes to our sales team. If you have questions about connecting your financial accounts to a Plaid-powered app, visit our consumer help center for more information.