RAVEN + Plaid: Bank Data Verification
RAVEN embeds Plaid Link directly in the borrower verification flow. Once a borrower consents and connects an account, RAVEN pulls balances, transaction history, and account ownership straight from the bank, no statements uploaded, no numbers retyped.
That connection feeds five modules in a single pull: financial (balances and cash flow), buying-patterns (recurring spend and merchant categories), credit liabilities (existing debt obligations visible in transaction history), identity cross-checks, and residence signals from recurring rent or mortgage payments.
What Plaid verifies inside RAVEN
- Account balances and ownership, confirmed at the source
- Transaction history for income and cash-flow analysis
- Recurring debt payments for liability verification
- Spending-pattern signals for underwriting context
Why this replaces bank statements
Uploaded PDF statements can be edited with the same tools that produce them. A live Plaid connection reads the account directly from the institution, so the balance a bank sees is the balance that exists, not a document someone formatted to look right.
Frequently asked questions
Is the Plaid integration live today?
Yes. Plaid is one of RAVEN’s five active providers and runs in every production verification that includes bank data.
What happens if a borrower’s bank isn’t supported by Plaid?
The flow falls back to manual statement upload for that borrower, inside the same audit trail, so an unsupported institution never blocks the application.
Does RAVEN store bank credentials?
No. Plaid Link handles authentication directly with the bank; RAVEN never sees or stores login credentials.