FinLocker Adds Equifax Consumer Credit Solutions to its Patented Platform

ST. LOUIS and ATLANTA, Sept. 10, 2019 /PRNewswire-PRWeb/ -- FinLocker, a financial data and analytics company, announced today a strategic alliance that will leverage solutions from Equifax Global Consumer Solutions in its patented platform to simplify financial transactions for its customers.

Through this alliance, FinLocker clients will gain the ability to provide consumers with critical elements of credit data including:

• Credit Score – A monthly VantageScore based on Equifax data
• Credit Report – A monthly Equifax credit report; with daily access
• Credit Monitoring and alerts – Alerts on key changes to their Equifax credit report

"FinLocker has created a new generation of personal financial management tools that allow consumers to initiate transactions such as a home loan, auto loan, and more. We are excited to further our alliance with Equifax by offering a credit score, credit report, credit monitoring and alerts. These added benefits will assist FinLocker users in expanding their understanding of personal financial health and facilitate planning to achieve financial goals," said FinLocker CEO Peter Esparrago.

For Lenders—FinLocker is a secure financial data and analytics platform that electronically captures and analyzes self-reported and verified borrower data, such as assets, liabilities, income, purchase type, property, occupancy, sales price, down payment, income, taxes, credit, and other information. FinLocker helps convert leads to loans, which establishes customers for life through customized promotions in its reusable financial locker.

For Consumers— With FinLocker, consumers manage their financial life with FinLocker's digital assistant. Helping track goals and budgets, FinLocker opens up a host of advantages including the receipt of a regularly updated credit score, report, and credit monitoring. Consumers also gain access to financial education videos, a borrowing "readiness" aid, cash flow analysis, home valuation with comparable sales and document storage. FinLocker provides personalized offers for consumers, while also allowing users to streamline their loan transactions.

"Before and during the loan application process, convenient access to important financial information such as your Equifax credit score and Equifax credit report is critical," said Dann Adams, president of Equifax Global Consumer Solutions. "We are excited to work with FinLocker to provide consumers with this type of credit information to further simplify the process of applying for loans."

About FinLocker :
FinLocker empowers consumers to start, achieve, and continue their homeownership journey. FinLocker is a secure, transactional personal financial management tool that aggregates a consumer's financial data adding the ability to analyze, recommend and streamline financial transactions. Consumers benefit from personalized recommendations, mortgage and financial education, credit score reports and monitoring, cashflow analysis, budgeting, goal planning, and data sharing. Lenders utilize FinLocker to nurture leads, cross-sell value add products, reduce costs, and create customers for life. The company is headquartered in St. Louis, Missouri. For more information, visit http://www.finlocker.com.

About Equifax, Inc.:
Equifax is a global data, analytics, and technology company and believes knowledge drives progress. The Company blends unique data, analytics, and technology with a passion for serving customers globally, to create insights that power decisions to move people forward. Headquartered in Atlanta, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe and the Asia Pacific region. It is a member of Standard & Poor's (S&P) 500® Index, and its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. Equifax employs approximately 11,000 employees worldwide. For more information, visit Equifax.com and follow the company's news on Twitter and LinkedIn.

SOURCE FinLocker