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Mortgage mortgage origination system supplier Vesta continues to construct out its integrations with the addition of employment and earnings verification capabilities from Equifax’s The Work Quantity.
Based in 2020 by Mix veterans Mike Yu and Devon Yang in San Francisco, Vesta introduced a $30 million Sequence A funding spherical final 12 months. Since then, Vesta has rolled out a collection of product upgrades, together with integrations with credit score reporting service Benefit Credit score in February and earnings verification platform Truework in October.
Yu mentioned Tuesday that the most recent integration with The Work Quantity “marks the start of an thrilling relationship with Equifax,” offering Vesta purchasers with entry to 618 million information from 2.7 million employers.
Mike Yu
“We’re excited concerning the optimistic influence this integration may have on effectivity and outcomes for our prospects,” Yu mentioned in an announcement. “By offering seamless entry to verified employment and earnings knowledge by means of The Work Quantity, we’re additional enabling a totally digital lending expertise.”
Vesta touts its mortgage origination system’s customizable workflow engine, which the corporate says permits purchasers to configure, replace and automate processes with out writing code. Open utility programming interfaces (APIs) and developer instruments “help any accomplice throughout the ecosystem,” the corporate says.
Different Vesta mortgage origination system integrations introduced for the reason that firm’s Sequence A increase embrace:
- Fannie Mae Desktop Underwriter, the mortgage big’s automated underwriting system
- Freddie Mac’s automated underwriting system, Mortgage Product Advisor
- CoreLogic’s suite of property info, shopper credit score and hazard threat options
- Docutech, a supplier of doc, eSign, eClose and digital-to-print success know-how
- SitusAMC’s ComplianceEase, an automatic mortgage compliance system
- Asurity, a supplier of mortgage compliance know-how
- Factual Information, a supplier of credit score and verification companies
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