This service provides lenders the ability to verify a borrower’s identity, account number and balance in real-time. It also provides access to up to 90 days of the borrowers account transaction history. This automated real-time process removes many of the problems encountered with traditional methods of loan decision making. IAV empowers lenders to make fast and accurate decisions critical to the success of their business.
Key CL takes security very seriously. We use 256-bit encryption. Our web site is monitored and verified by Loan Verify. Loan Verify is a “read-only” service and cannot be used to move funds in or out of any account.
How does it work?
When a borrower selects a financial institution and enters their credentials, Loan Verify securely transmits them to secure aggregation servers allowing them to retrieve account information in “read-only” mode.
Who stores my info?
Our login information is passed securely to the data provider which establishes the connection. Key CL does not retain your login information and your login information is never displayed anywhere.
We think technology should enable people, not replace them. Key's technology simplifies the loan process from application through funding, with real-time transparency so our customers know what’s happening through every step.
Our portal allows a real time view of a loan at any time, so a borrower is never in the dark about when the loan will close. Customers can securely upload all loan documentation, fill out online forms and electronically sign all documents. While Portal enables a streamlined, efficient process for borrowers, the credit decisions remain with the industry expertise of our lending teams.