Bank Verification Software Built for Community Banks
Bank verification software confirms who a borrower is and whether the facts on their application are true: identity, income, employment, assets, credit, and property. Most community banks assemble this from phone calls, borrower-supplied PDFs, and three or four single-purpose vendors.
RAVEN replaces that assembly with one link. The borrower authorizes their data once; the bank receives a complete verification report, built from source data across seven providers, in minutes.
One link instead of a vendor for every data type
The verification stack at a typical community bank is fragmented by data type: an identity vendor, a credit pull, The Work Number for employment, fax forms for deposits, and a processor stitching it together by hand. Each vendor is a contract, an integration, and a place for files to stall.
- Identity verified against authoritative sources, not uploaded documents
- Income and employment direct from payroll systems of record
- Bank balances and transaction history via consented account connections
- Credit, property, and lien data in the same report
- One audit trail across all of it, timestamped for examiners
A fraud control, not just a speed play
Cotality puts material misrepresentation at 1 in 116 mortgage applications, and income misrepresentation leads Fannie Mae fraud findings at 46%. Every one of those schemes depends on the bank trusting artifacts the applicant supplies: editable paystubs, doctored statements, phone numbers that ring to accomplices.
Source-verified data removes the artifact class entirely. A payroll record can’t be inflated with a template, and a fake employer’s staffed phone line never enters the loop, because nobody calls it.
Works with the systems you already run
RAVEN sits in front of your existing workflow rather than replacing it. There is no core conversion, no LOS dependency, and no six-month implementation. Banks send their first verification link the week they onboard, and reports arrive as structured data plus an examiner-ready PDF.
Frequently asked questions
What does bank verification software do?
It confirms the facts on a loan or account application (identity, income, employment, assets, credit, property) using authoritative data sources instead of borrower-supplied documents, and documents the whole process for auditors.
Does RAVEN require replacing our core or LOS?
No. RAVEN works alongside any core (Jack Henry, Fiserv, CSI, and others) because it operates at the intake and verification layer. Reports arrive as structured data and PDF, so they fit whatever workflow you run today.
How long does implementation take?
Days, not months. Because there is no core integration dependency, most banks send their first verification link within the first week.
Is the borrower experience white-labeled?
Yes. Borrowers see your bank’s name and branding through the entire verification flow.