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TurnKey Lender can now be integrated with bank account verification services. Currently there are 2 such services available: Plaid (USA, Canada) and Flinks (USA Canada only).
This integration allows a customer to fill in their bank credentials and permit TurnKey Lender to check their account details automatically. The data we can access with services like Plaid includes balance, transactions, and other information required for making an informed credit decision and an accurate borrower evaluation. With this feature activated, the lender no longer needs to collect bank account details manually. This, in turn, further reduces human error and provides the bank account and routing number for ACH transactions.
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