Our base plan streamlines your workflow for gathering information and documentation from an applicant in a secure, applicant-driven process that reduces human errors and verifies access to the phone number provided by the applicant.
Applicant 2FA with SMS and Voice Support
Secure Document Uploading
Secure ID Card Uploading
Document Packet Bundling
Unlimited Business Users
Single Sign-On Support
Customizable Applicant Portal
User Action Audits
User Productivity Reports
24 months of data retention (FTC mandated maximum)
Catch fraud early in your sales funnel so you can focus your time on real applicants. When you want to remotely verify the identity of an applicant before pulling a credit report. We check that the applicant is who they say they are and verify if the provided SSN is likely attached to the other information provided by the applicant.
Composite Synthetic Fraud Checks
First Party Synthetic Fraud Checks
Third Party Synthetic Fraud
ID Theft Checks
Alerts for possible CPN usage
OFAC Watchlist Checks
ID Card Scanning
Caller ID Data for Phones
Public Records Data for Addresses
Property Tax Information on Addresses
Google Street View of Addresses
Securely fetch financial transactions directly from the source. With detailed, structured data, Approve Owl can analysis spending habits to highlight liabilities your team might have missed as well as categorize income so you can maximize your applicants potential for approval.
Real-Time Access to Bank Account Transactions
Access to over 11,500 Financial Institutions
Support for Payroll Cards
Verification of Identity with Financial Institutions
Verification of Bank Account Ownership
Verified, Uniform Account Statements as PDFs
Transaction Calendar View
Income and Spending Analysis
Additional Automatic Flags for Finances
Map View of Spending Habits and Location Data
Frequently asked questions
What is an asset report?
An asset report is a snapshot of the financial information available directly from the applicant’s connected bank accounts. Giving you improved insight into the applicant’s current financial situation and verification of identity.
How many banks are supported?
Over 11,500 banks, credit unions, and other financial institutions in North America support asset reports. Support for some payroll cards and retail trading operations are also included.
How many asset reports will I need monthly?
It depends on your target audience and where you plan to use Approve Owl in your workflow. Expect to need a package with about a fourth of your normal lead volume per month.
What happens if I pull more asset report than my plan limit?
We have soft-caps on the number of asset reports that can be pulled. However, if you are consistently over your plan’s limit, you will be required to upgrade your plan.
How secure is my data?
We know security is important to you, which is why all traffic runs over SSL, and all sensitive information and uploaded documents are encrypted. Also, sensitive bank account connection details such as username and password are never stored on our servers.
How does this compare to a credit report?
A credit report is focused on liabilities. Approve Owl analyzes banking data for not just liabilities the applicant is paying for, but also their present income sources and current spending habits.
What if a bank connection fails?
Sometimes you may not be able to connect a customer’s bank account. The problem could be taking place anywhere along the chain between Plaid and the financial institution.
Are the financial institution credentials shared with Approve Owl?
User credentials will never be made accessible to Approve Owl. Once a customer provides permission to share financial data with Approve Owl, it is securely transferred from the financial institution to Approve Owl through the Plaid application programming interface (API).
Get started today
It’s time to improve your pre-qualification process and know more about your applicants upfront.Request a demo