FinLocker Partners with HomeScout to Help Homebuyers Overcome Home Search Challenges
Homebuyers can begin their property search, establish a home-buying budget, create trackable goals to save for their down payment and closing costs without leaving their FinLocker app.
ST. LOUIS, MO – March 8, 2021 – FinLocker, a leader of digital, consumer-permissioned personal financial assistance tools that deliver hyper-personalized journeys for homebuyers, continues to enhance its end-to-end consumer experience with a strategic partnership with HomeScout, a lender-centric home buying and selling platform.
This partnership will enable homebuyers to research the cost of homes in their preferred neighborhoods, create a homebuying budget and receive the downpayment and closing costs associated with that sales price without leaving their FinLocker. Once homebuyers have achieved mortgage readiness as determined by their credit and financial data in their FinLocker app, they can save their home searches and favorite individual homes to tour with their real estate professional.
“Embedding HomeScout in the FinLocker app supports our mission of providing consumers with a streamlined homebuying experience. Homebuyers can research the average sales prices of homes in their preferred neighborhood, then input the amount into their app’s home affordability calculator to receive a monthly mortgage payment that suits their income," said Brian Vieaux, FinLocker, President and COO. "For mortgage lenders, their homebuyers never need to leave their private-labeled FinLocker app to search for a home, reducing their consumers' exposure to third-party lead aggregators associated with many of the popular free real estate apps. As an additional service, FinLocker mortgage and banking clients who have a direct relationship with HomeScout will have their consumers directed to their company-branded HomeScout, further enhancing their customer's homebuying experience."
Homeowners can use HomeScout to monitor comparable homes sold in their zip code directly from their FinLocker app to decide if it's time to sell. HomeScout will also provide homeowners with their estimated home equity so they can determine if they have enough equity to apply for a cash-out refinance for a home renovation, debt consolidation, or pay off outstanding debts. FinLocker will also use their home value in their net worth calculation.
“FinLocker is an incredible digital financial tool that further empowers home buyers and sellers, and equips them with all the monetary knowledge they need from start to finish,” said David Camp, President of HomeScout. “The partnership also brings value to our business-to-business clients by providing another tool in our suite of services to help mortgage loan professionals and mortgage loan companies capture more purchase business and improve retention.”
HomeScout is a lender-centric platform dedicated to growing conversions and retention rates for the mortgage industry. HomeScout, LLC is a wholly-owned subsidiary of FirstClose™, a highly respected financial technology provider. This strategic partnership provides mortgage industry professionals with access to an extraordinary suite of solutions to best serve in-market home buyers and sellers while also providing the necessary tools to amplify business growth.
With HomeScout, consumers will find all the tools they need to help them through the home buying and selling journey, including a branded and secure search portal. HomeScout is committed to the retention and growth of database clients while providing commission security and consistency.
For more information on HomeScout visit HomeScout.com.
Headquartered in St. Louis, Missouri, FinLocker provides a secure financial fitness app that aggregates and analyzes a consumer’s financial data to offer personalized journeys to build and monitor their credit, manage their financial accounts, receive their net worth and cash flow analysis, create goals, save and budget to achieve loan eligibility for a mortgage and other financial goals.
Within the FinLocker app, consumers can take a readiness assessment before applying for a mortgage, begin their property search, and securely store personal and financial documents, which can be shared with a lender directly from the app to start their loan application. Mortgage lenders and financial service providers use their private-labeled FinLocker to generate and convert leads, gain market share, reduce loan processing costs, decrease risk, and create customers for life.
For more information, visit FinLocker.com.