Verification of Income (VOI)

The Verification of Income (VOI) returns the borrower’s current and previous income details which are used to verify the income stated in the loan application.

The following are the services offered by VOI systems:

Note: The Waterfall approach automatically falls back to the RV request in case the Instant Verification does not return any results. The consumer does not need to initiate a separate transaction for the Researched flow. The Waterfall approach automatically falls back to the RV request in case the Instant Verification does not return any results. The consumer does not need to initiate a separate transaction for the Researched flow.

FinConnect supports VOI Services through:

For more details refer: