Lenders using this solution
Purpose Financial

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.

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

Spot illustration for Identity Verification product
Seamlessly verify identities

Identity Verification is the lowest friction identity verification experience, helping you fight fraud and handle KYC requirements.

list with magnifying glass
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
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®

Spot illustration of Income product
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

Spot illustration for Auth product
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
Check balances in real-time

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

The cash flow data that customers make accessible through Plaid allows us to better manage credit risk. With a more complete financial picture, we're able to evaluate individuals more accurately than traditional credit scoring alone and bring more people into the credit system.
Roy Simkhay, VP of Product Management, Petal

Questions about how Plaid can fit into your business?

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