Building an Income verification product for every American
Blog post from Plaid
Plaid has developed an income verification product called Plaid Income, which aims to simplify the process of proving income for consumers and enhance underwriting processes for lenders with reliable income data. The product offers three income verification methods - Payroll Income, Document Income, and Bank Income - to cater to various types of income earners. Since its beta launch in March, Plaid Income has received positive feedback from early partners and significantly improved the user experience by speeding up onboarding flows and enabling customers to offer services to a broader range of consumers. The product is suitable for multiple use cases such as mortgage, personal lending, auto lending, property management, and more.
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