Instant Income Verification Using Plaid - Modelshop

Instant Income Verification Using Plaid

When evaluating a loan application, the most important thing a lender must do is verify the applicant’s income. By integrating Plaid’s bank transaction report into a credit model, lenders can verify employment status and income without a manual review step. The result is a frictionless consumer experience and improved conversion rates.

The ease with which Modelshop can integrate third party data and identify patterns such as income deposits helps lenders deliver an interactive origination experience and book better loans. Watch Modelshop in action as we step through the process of integrating Plaid and automating income verification using analytics.

Alex Waldner

Modelshop analyst with experience building custom analytic solutions for Topps Trading in NYC. Computer Science, Boston College, Northwestern

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