Vesta Retains Constructing Out Integrations With Equifax’s The Work Quantity

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Mortgage mortgage origination system supplier Vesta continues to construct out its integrations with the addition of employment and revenue 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 yr. Since then, Vesta has rolled out a sequence of product upgrades, together with integrations with credit score reporting service Benefit Credit score in February and revenue verification platform Truework in October.

Yu stated Tuesday that the newest integration with The Work Quantity “marks the start of an thrilling relationship with Equifax,” offering Vesta shoppers with entry to 618 million information from 2.7 million employers.

Mike Yu

“We’re excited in regards to the optimistic impression this integration may have on effectivity and outcomes for our prospects,” Yu stated in a statement. “By offering seamless entry to verified employment and revenue knowledge via The Work Quantity, we’re additional enabling a completely digital lending expertise.”

Vesta touts its mortgage origination system’s customizable workflow engine, which the corporate says permits shoppers to configure, replace and automate processes with out writing code. Open software programming interfaces (APIs) and developer instruments “help any associate throughout the ecosystem,” the corporate says.

Different Vesta mortgage origination system integrations introduced because the firm’s Sequence A increase embody:

  • Fannie Mae Desktop Underwriter, the mortgage large’s automated underwriting system
  • Freddie Mac’s automated underwriting system, Loan 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 expertise
  • SitusAMC’s ComplianceEase, an automatic mortgage compliance system
  • Asurity, a supplier of mortgage compliance expertise
  • Factual Data, a supplier of credit score and verification companies

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E-mail Matt Carter