This second patent illustrates our innovative prowess in providing a unique lending solution for the capture and analysis of consumer financial data.
St Louis, MO (PRWEB) March 08, 2018
FinLocker (http://www.FinLocker.com), a financial data and analytics company, announced today the approval of a second patent supporting proprietary leading-edge digital vault functionality. FinLocker’s re-usable “financial locker” for consumers, manages financial data that can be used for loan transactions such as mortgages, auto, student, small business, and more. The FinLocker platform dramatically reduces lender costs, data errors and processing timelines through patented technology. The first patent protects innovative control of consumer financial information and data access in a digital workflow-enabled system. This most recent patent covers multi-source information management of data and documentation, with capabilities to retrieve, store, update and analyze data housed in digital vaults, inclusive of access rules and transparent consumer controls. FinLocker advancements in secure financial data management and analytics enable lenders to create a true “customer for life/lender for life” relationship.
“Obtaining approval on this second patent illustrates our innovative prowess in providing a unique lending solution for the capture and analysis of consumer financial data,” says Peter Esparrago, Co-founder & CEO of FinLocker. Esparrago co-founded FinLocker alongside mortgage leaders Barry Sandweiss and Tim Stern. Combining proven industry leadership in mortgage, financial services, security and technology, this elite team is excited to evolve the innovative FinLocker platform, introducing secure access to financial data and analytics throughout the loan lifecycle for both the lender and consumer.
FinLocker is a secure financial data and analytics platform that eases the pains of mortgage and other loans processes for both lenders and consumers. FinLocker enables access to consumer financial data electronically, and applies intelligent algorithms to verify and analyze employment, income, assets, credit, taxes and other information. FinLocker provides the consumer a re-usable financial locker to utilize for mortgages, auto loans, student loans, small business loans, and other consumer transactions, while managing their financial life. The company is headquartered in St. Louis, Missouri. For more information, visit http://www.FinLocker.com.