The asset section of the customer’s application is the first instance in the platform where your customer will experience direct-to-source data connectivity which will quickly, easily, and securely allow them to pull in their asset information. And once they connect, we will generate an asset statement that the Loan Team can refresh as needed throughout the entire mortgage process.
*Blend will deactivate connections to borrower’s asset accounts 14 days after the initial connection is established, when a loan gets purged from Blend, or when a borrower requests to opt out of financial account access (whichever comes first). After this time has elapsed, borrowers will need to re-enter their credentials in order to refresh any asset statements.
These statements are Day 1 certified, as well as qualify for Freddie’s Asset Income Modeler, and are acceptable for FHA and VA loans.
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video length: 5 minutes
DISCLAIMER: The features on this page may not be applicable to your institution. Please reach out to Blend Support for more information on what features are enabled for your use.
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