Verification of Assets /

Deposits (VOA / VOD)

Access automated account verification from thousands of financial institutions, replacing paper statements with secure, instant data connections.

Real-Time Asset Verification From Leading Financial Institutions

Paper bank statements are outdated, time-consuming, and prone to fraud. SettlementOne’s Verification of Assets and Deposits (VOA/VOD) service connects directly to leading financial institutions, providing real-time account balances, transaction histories, and asset verification through secure, automated connections. This modern approach eliminates document collection delays while enhancing accuracy and fraud prevention.

Our VOA/VOD platform aggregates data from traditional banks, credit unions, investment firms, ensuring comprehensive asset verification regardless of where borrowers maintain their funds. With borrower-permissioned access and bank-level security, you get the confidence of direct-source verification with the speed of automation.

Key Features

Extensive Coverage: Leading financial institutions including banks, credit unions, and investment firms
Real-Time Data: Current balances and recent transaction histories
Multi-Account Aggregation: View all borrower assets in one consolidated report
Fraud Detection: Automated alerts for suspicious patterns or unusual activity
Investment Accounts: Verification of retirement, brokerage, and investment holdings

How It Works

Borrowers authorize account access through a secure, mobile-friendly interface. Our system then connects directly to their financial institutions, retrieving current balances, transaction histories, and account details. The data undergoes automated analysis for fraud indicators and unusual patterns before delivering a comprehensive report. The entire process typically completes in minutes, dramatically faster than collecting and reviewing statements.

Asset Types Covered

Traditional Accounts:

Checking, savings, money market, and CD verification from major banks and credit unions.

Investment Holdings:

401(k), IRA, brokerage, and other investment account verification with current valuations.

Why SettlementOne

Our VOA/VOD service eliminates the most tedious part of loan processing while enhancing security and accuracy. By aggregating multiple data sources through a single platform, we provide comprehensive asset pictures without the complexity of managing multiple vendors. Integration with your existing SettlementOne services means asset data flows seamlessly into your complete borrower profile.

Keep Every Loan Moving Forward

SettlementOne empowers lenders with trusted credit and verification solutions that simplify workflows and reduce borrower risk so you can focus on closing with confidence.

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