Press release

Pulte Mortgage and Finicity Partner to Combat the Home Loan Paper Chase

Sponsored by Businesswire

Pulte Mortgage announced today it is partnering with Finicity — a
leading provider of real-time financial data access and insights, to
provide its borrowers with a faster, simpler and more secure way to
navigate the home financing process. Pulte Mortgage is a wholly-owned
subsidiary of PulteGroup, Inc. (NYSE: PHM) that finances new home
construction for customers of Pulte Homes, Centex, Del Webb, DiVosta,
and John Wieland Homes and Neighborhoods brands.

As anyone with a mortgage knows, securing a home loan has historically
been a manual, paper-intensive process—especially when it comes to
verifying borrowers’ assets. Through Finicity’s verification platform,
up to 24 months of bank, brokerage and 401k data can now be accessed to
confirm assets within minutes—eliminating the need for borrowers to
find, copy and scan reams of paper verifications. This can reduce the
mortgage origination time by more than a week, giving borrowers more
control of the process, without a lot of the hassle.

Although the mortgage process has drastically improved over the past
decade for borrowers and lenders alike, it hasn’t always been this way.
“The mortgage lending industry has changed dramatically over the
decades, but never more so than over the past 10 years,” said Debra
Still, president and CEO of Pulte Mortgage. “The average loan file used
to be about 300 pages, but today’s regulatory and compliance demands
have pushed this figure to more than 800 pages. The need for
ever-increasing volumes of supporting data puts an incredible burden on
the borrower, which is why we strategically invest in integrated
technology solutions, like Finicity, to reduce the time and complexity
associated with securing a mortgage.”

The partnership with Finicity is just the latest in Pulte Mortgage’s
commitment to advance technology solutions that make it easier and more
transparent for borrowers navigating the mortgage process. In addition
to their new instant asset verification feature through Finicity, Pulte
Mortgage customers can upload essential documentation from their mobile
device with just the snap of a picture; e-sign key regulatory
disclosures with the swipe of a finger; and leverage a personalized
digital dashboard to stay up-to-date on their loan’s progress when and
where they want. These digital enhancements strengthen data security by
leveraging advanced authentications, bank-level encryptions and secure
borrower connections.

“Today’s consumers have come to expect simple and rapid experiences
enabled by digitization,” said Steve Smith, CEO of Finicity. “Pulte is
an innovator that is embracing digital solutions to further deliver a
superior borrower experience by giving their loan consultants more time
to engage with their buyers.”

“Whether it’s your first house or your last, building a new home is an
exciting process,” added Still. “It is a time where you get to create a
space that is uniquely personalized for your lifestyle and taste. That
is why we are continuously working to simplify home financing for our
customers, so they can spend more time focusing on building their dream

About Pulte Mortgage:

Pulte Mortgage is a wholly-owned financial services subsidiary of
PulteGroup, Inc. (NYSE: PHM) that solely focuses on the financing of new
construction homes for customers of Pulte Homes, Centex, Del Webb,
DiVosta, and John Wieland Homes brands. Founded in 1972, Pulte Mortgage
has financed more than 700,000 homes from coast-to-coast while offering
borrowers more than 200 different home loan solutions. Pulte Mortgage
works hand-in-hand with the homebuilder to allow a closely-coordinated,
streamlined financing experience that never misses a beat. To learn more
about Pulte Mortgage and the services they offer, visit
(Equal Housing Lender – Company NMLS #1791)

About Finicity:

Finicity’s mission is to help individuals, families and organizations
make smarter financial decisions through safe and secure access to fast,
high-quality data. The company, which launched its first financial
product in 2000 and has since grown to provide financial data APIs,
credit decisioning tools and financial wellness solutions, partners with
influential financial institutions and disruptive FinTech providers
alike to give consumers a leg up in a complicated financial world.
Finicity was awarded API World’s 2016 Finance API of the Year and is a
2018, 2019 HousingWire Tech100 winner. To learn more or test drive its
API, visit