Implement MVS Options

Mortgage Verification Service (MVS) allows you to verify a borrower’s assets, income, and employment. Implement MVS in the Connect application (app) or directly through the APIs.

Connect Application

Connect can easily provide either a single or joint borrower URL link directly into any Mortgage Point-of-Sale (POS) software or send a Connect email to your customers. When your applications start Connect, the appropriate MVS apps are displayed for the customer to enter their information.

MVS-One Touch

If no employment data is found in the Payroll app, then the Paystub app displays for the user to upload their most recent paystub. Connect checks the customer’s bank accounts for direct deposits against the uploaded paystub amounts. After the customer submits all their data for the loan, then the following MVS reports are generated:

    • VOAI—Transaction Report
    • VOIE—Payroll Report

      If no payroll employment data were available:
    • VOIE—Paystub (with TXverify) Report

MVS-Two Touch

Instead of gathering all MVS information from a customer in one Connect session, the data is gathered in two separate Connect sessions.

The first interaction gathers the customer’s bank account information through the Financial app and generates one of the following reports, depending on how you configured the Connect experience.

    • VOAI—Transaction Report
    • VOIE—Payroll Report

Later on, in the loan application or POS process, a second Connect session interacts with the customer to gather their income and employment data through the Payroll app.

If no employment data is available, then the customer can still verify their income through the Financial and Paystub apps. Depending on the customer’s input and the data gathered, either one or both of the following reports are generated.

    • VOIE—Payroll Report
    • VOIE—Paystub (with TXverify) Report

Direct API Integration

Implement MVS through your own user interface applications by using direct API calls. However, there are a few occasions where the customer still needs to interact directly with Finicity.

Note: Contact our sales engineers (SEs) for help with these options.

If you want to implement MVS using this method, then you’ll also need to generate your own reporting. The MVS reports are retrieved by the consumer ID as all MVS reports are reported to credit reporting agencies (CRA).

To generate a report, use the following APIs:

  1. Partner Authentication
  2. Add Customer
  3. Create Consumer
  4. Generate <product name> Report
  5. Get <product name> Report by Consumer

Example: If you wanted to generate a VOA report, you’d use the following APIs:

  1. Partner Authentication
  2. Add Customer
  3. Create Consumer
  4. Generate VOA Report
  5. Get VOA Report by Consumer

All other MVS report APIs are listed on Finicity Lend—Reports.