Floify's new product, Floify Verify, allows lenders to verify income and employment at a cost that is 60% to 80% cheaper than legacy systems like Equifax, all without the hassle of managing additional third-party vendors.
These methods are ill-suited to today's workforce and too expensive at a time when origination costs have risen to untenable levels, said Rossato, president of Floify.
Lenders can embed Floify Verify directly into the loan application process to speed up loan approval, enhancing the borrower’s experience.
Floify Verify supports on-demand reverifications, like the 10-day pre-closing verification required for agency loans, without any additional cost.
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