Instant Bank Verification

What is instant bank verification? I am not familiar with this and never heard of it before.   

This is a service that allows us to instantly verify your identity and view an electronic and secure copy of your bank statement allowing us to make a fast and accurate decision on your loan. It replaces outdated methods such as emailing your bank statements, pulling your credit or making time consuming calls to your bank. It provides you speed, privacy, security and convenience.  

I do not feel comfortable giving out my personal information online. I have concerns around security.   

This system was designed specifically to enhance your privacy and security. It operates using 256‐bit encryption. Username and passwords are never displayed, viewed or stored. This is the safest, fastest, and most convenient way for you to submit your information for loan approval.  

So, I am giving you access to log into my bank?  

Not at all.  We never see your login information (i.e. username or password) nor do we ever have the option to “login” to your account. This system allows us  you to securely view an online read only copy of your bank statement. This information is necessary in order to approve your loan request.  

How will my information be used?  

Once you enter your username and password, they are securely transferred to your financial institution in order to verify your identity as well as retrieve a “read‐ only” copy of your bank statement. The information is viewed by us in order to make a fast and accurate decision on your loan.  

Can I just send over my bank statements to you?   

Unfortunately, we are not able to accept your bank statements sent over by email. This new process provides tremendous advantages over traditional methods of supplying this information. Not only does it deliver enhanced privacy, security, convenience and speed but because of its accuracy and completeness you may qualify for a loan you may not normally qualify for.   

I still have concerns around security. I want to make sure this is not a scam.   

This system was designed specially to enhance your privacy and security. It operates at a 256‐bit encryption level. Additionally, our Privacy Program is aligned with global, federal, and state privacy regulations, standards, and best practices. We have been audited by a qualified third-party Security Assessor to become PCI-DSS 3.2 (Payment Card Industry – Data Security Standard) level one merchant certified. This means we have implemented and documented procedures for data protection.  

Will my Username and Password be visible?   

Absolutely not.  Your username and password are never displayed or viewed. Your credentials are transferred to your financial institution at high security. If your credentials are correct, we will then receive a “read‐ only” copy of your bank statement allowing us to make a fast and accurate decision on your loan.  

Do I really need to do this?

We use this system because it is the safest and most convenient way for our customers to verify their banking information. This information is a necessary step in approving your loan request. It provides many benefits over old fashioned methods such as security, privacy, convenience, and speed. Most importantly, it helps qualify you for a loan, when traditional methods may not.

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