Verification of Assets
Asset verification made simple within AutomatIQ® Borrower
Streamlined and secure asset verification
Today, verifying an applicant’s assets, especially for those with complex financial situations, can be tedious and frustrating for both you and the applicant. Say goodbye to time-consuming, exasperating, and manual asset verification.
The AutomatIQ Borrower Verification of Assets (VOA) system digitizes, automates, and streamlines the asset verification process, while delivering efficiency gains to asset review through AutomatIQ Borrower Assets Analysis.
VOA provides an easier and more secure way to collect asset information, such as depository and investment accounts, by going directly to your borrower’s financial institutions. Data is protected by encryption, multi-factor authentication, and virus scanning.
Seamless, fast, automated asset verification
Get results in a flash. With Cotality’s VOA solution, applicants connect to their financial institutions through our intuitive user interface, making it easy for them to share their asset data with you in minutes.
Advanced security and privacy
You and your clients can feel secure with our Verification of Assets solution's industry-grade security and privacy technology, including: strong data encryption, multifactor authentication and virus scanning.
Improved reliability and fraud reduction
By obtaining information directly from institutions in real-time, while avoiding issues of data loss or miscommunication with poorly scanned or incomplete documentation, our solution helps reduce fraud.
Seamless, fast, automated asset verification
Get results in a flash. With Cotality’s VOA solution, applicants connect to their financial institutions through our intuitive user interface, making it easy for them to share their asset data with you in minutes.
Advanced security and privacy
You and your clients can feel secure with our Verification of Assets solution's industry-grade security and privacy technology, including: strong data encryption, multifactor authentication and virus scanning.
Improved reliability and fraud reduction
By obtaining information directly from institutions in real-time, while avoiding issues of data loss or miscommunication with poorly scanned or incomplete documentation, our solution helps reduce fraud.
Unlimited data reverification for 60 Days
Say goodbye to last minute requests for updated account statements or online printouts. Refresh asset data for up to 60 days after initial link without additional re-ordering fee (as long as the applicant has not withdrawn consent).
Taking asset verification to the next level
By combining VOA and Assets Analysis, AutomatIQ Borrower offers an intuitive, comprehensive asset review and validation workflow. By going directly to your borrower’s financial institutions, we deliver accurate results quickly, within a simple workflow.
Interactive user experience
Move beyond physical documents, review all VOA assets in a single interface. Search and filter transactions and validate funds at a glance. This service is included at no additional cost for VOA analysis.
Advanced assets analysis
With applied program guidelines, you get detailed assets analysis and alerts on liquidation requirements, account ownership, terms of withdrawal, and more.
Consistent and accurate reviews
Increase consistency in evaluation and avoid loan defects with automatically applied guidelines and on-demand analysis reports with full audit trail.
Expandable to 100% assets solution
Add physical bank statement evaluation in addition to digital VOA for an additional cost. Access full evaluation of assets regardless of source.The system also offers uploaded document data extraction and in-depth analysis for potential fraud and data manipulation.
Interactive user experience
Move beyond physical documents, review all VOA assets in a single interface. Search and filter transactions and validate funds at a glance. This service is included at no additional cost for VOA analysis.
Advanced assets analysis
With applied program guidelines, you get detailed assets analysis and alerts on liquidation requirements, account ownership, terms of withdrawal, and more.
Consistent and accurate reviews
Increase consistency in evaluation and avoid loan defects with automatically applied guidelines and on-demand analysis reports with full audit trail.
Expandable to 100% assets solution
Add physical bank statement evaluation in addition to digital VOA for an additional cost. Access full evaluation of assets regardless of source.The system also offers uploaded document data extraction and in-depth analysis for potential fraud and data manipulation.
76.67%
borrower response rate to verification of assets orders when they are created and invitations are sent via the AutomatIQ portal
81.85%
of borrowers who responded to the VOA invitation went on to link at least on account and complete the verification of assets order
FAQ
How much account history is made available via the Verification of Assets (VOA) service?
What information is needed to request a VOA?
What’s the difference between VOA and Verification of Deposit (VOD)?
Can the borrower complete the account linking process multiple times?
Can the borrower link more than one financial institution?
What if a borrower’s provider is not listed? What should they do?
How can we help you?
Let's get this conversation started! Our team is here to provide you with more information and answer any questions you may have.
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Get in touch with our sales team at (866) 774-3282. We're here Monday to Friday from 7 a.m. to 5 p.m. CT.
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