FinLocker’s financial fitness apps can help consumers manage their credit, build their credit score, and learn more about mortgage eligibility.
FinLocker Financial Fitness App
ST. LOUIS MO, December 15, 2022 (GLOBE NewSWIRE) — FinLocker partnered with Family First Funding and MLB Residential Lending as community-focused lenders to create financial fitness applications that help prospective homebuyers reach mortgage eligibility and maintain homeownership. This partnership comes two months after Lenders One® Cooperative, a national alliance of 240+ independent mortgage bankers, announced the opening of its first three Walmart in-store branches in Newton and Boonton, New Jersey, and Orlando, Florida, with the mortgage lenders.
Brian Vieaux is President and Chief Operating Officer at FinLocker. It’s difficult to buy a home in today’s market. Even those who have the financial resources to purchase a home may be reluctant to pull the trigger. FinLocker-powered apps will help consumers reach mortgage readiness, educate them on loan options and the process of getting a mortgage while connecting them to their mortgage lender to answer any questions.
“We are excited that this opportunity connects two of our mortgage banking members with one of our preferred vendor partners to offer Walmart customers and other community residents a path to achieve and sustain homeownership,” said Justin Demola, CMB, President, Lenders One. “The FinLocker powered private-labeled apps for Family First Funding and MLB Residential Lending will provide prospective homebuyers with the financial education and resources to help them build and monitor their credit and make informed financial decisions while keeping them connected to their lender until they are ready to buy a home.”
FinLocker will power the “Home Hero” app to Family First Funding, and the “Secure Home” app to MLB Residential Lending. These apps will help each company’s customers to have a financially secure future. With homeownership as the anchor, FinLocker will allow them to build wealth.
Tools to improve credit scores and monitor credit reports, manage finances, set savings goals, budget for debt reduction and save for a downpayment.
Personalized journeys that guide them to mortgage eligibility and maintain homeownership.
You can use these educational resources to help you manage your credit, credit cards, plan for retirement, and prepare for the mortgage process.
“We are in the business of helping people,” said Gabriel Gillen, President, Family First Funding. “Our team is excited about providing our “Home Hero” app through our new offices as it will help us provide financial education and guide more people towards homeownership.”
Phil Mazza, Interim COO of MLB Residential Lending, stated that “We are a community-focused lender.” “Providing financial education and tools to renters, homeowners, and homebuyers in our community via the “Secure Home” app is one way we can improve the financial lives in our community.”
Prospective homebuyers will be able to obtain the “Home Hero” app from Family First Funding through Lenders One Walmart-based branch locations at 26 Hampton House Road (Newton, NJ 07860) and 2500 S Kirkman Rd (Orlando, FL 32811). The “Secure Home” app from MLB Residential Lending can also be purchased at the Walmart at 300 Wootton Street Boonton NJ 07005. The financial apps will be distributed to potential homebuyers by the mortgage originators of each company through their usual business channels.
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Lenders One Cooperative was established in 2000. It is a national alliance consisting of 250+ mortgage banksters and a network containing innovative solutions and technology. There are also 90+ solution providers and capital market providers. Lenders One Cooperative is committed to promoting profitability, efficiency, and connections for its members. Lenders One aims to help independent mortgage banks, credit unions, and banks compete in the market, increase their profitability, and lower loan manufacturing costs. Lenders One participants are the largest retail mortgage entity in America, having originated over $700 billion worth of mortgages between 2021 and 2021. Altisource Portfolio Solutions S.A. is the parent company of Lenders One. LendersOne.com.
Family First Funding
Family First Funding, a retail mortgage lender, was established in Toms River in New Jersey in 2011. It is licensed to do business within 35 U.S. state and the District of Columbia. Family First Funding provides mortgage banking services of high quality to residential and business clients. It offers fair and reasonable rates, costs, and keeps clients informed. Visit www.familyfirstfunding.com for more information Fam1Fund.com.
About Residential Lending, LLC
MLB Residential Lending, based in Springfield NJ, serves the lending needs for homebuyers and homeowners as well as real estate professionals and builders. The staff are passionate about helping others achieve the American Dream of homeownership and make the process as easy as possible. Visit this website for more information MLBmortgage.com.
Headquartered in St. Louis, Missouri, FinLocker provides a secure financial fitness app that aggregates and analyzes a consumer’s financial data to offer personalized journeys to build and monitor their credit, manage their financial accounts, receive their net worth and cash flow analysis, create goals, budget and save to achieve mortgage eligibility and other financial goals.
Consumers can use the FinLocker app to perform a readiness assessment, start their property search, securely store financial documents, and share them with a lender right from the app. FinLocker, a private-labeled FinLocker, is used by financial service providers and mortgage lenders to generate and convert leads. It also helps them reduce loan processing fees and create customers for the long term.
Visit www.amazon.com for more information FinLocker.com.
CONTACT: Diana Mulhall FinLocker 415-786-2406 [email protected]