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Access mortgage data to help users better manage debt

Blog post from Plaid

Post Details
Company
Date Published
Author
Derlen Chiu
Word Count
516
Company Posts That Month
9
Language
English
Hacker News Points
-
Post removed?
No
Summary

The Liabilities product has been updated to include consumer-permissioned mortgage data, providing developers with access to real-time mortgage information that can be used to enhance the in-app experience and offer more personalized insights and product recommendations. Mortgage debt is a significant category in America, accounting for $15.8 trillion in 2019, and the addition of mortgage data aims to help consumers better manage their monthly cash flow and streamline mortgage payments during uncertain economic times. Developers can now access consumer-permissioned mortgage data via the /liabilities/get endpoint, which allows them to see loan details, payment details, terms, balances, and property addresses for connected accounts. This updated feature is expected to enable fintech innovators to develop cost-saving tools and stand out from competitors by providing comprehensive debt management solutions.

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