PointServe

About PointServe

Founded in 2009 by Iavor Boyanov and Iordan Gavazov, PointServ operates as a financial data provider catering to lenders within the consumer finance sector. The company’s platform is engineered to streamline and accelerate the loan origination and underwriting process by offering a suite of verification services.

PointServ provides direct digital access to a borrower's financial documents, which serves to validate assets, income, and employment. The platform sources documents such as bank statements, paystubs, W-2s, and tax returns directly from financial institutions, payroll providers, and the IRS. This direct sourcing method enhances accuracy and mitigates fraud. The collected data is delivered to lenders in both PDF and XML formats, allowing for straightforward integration into their existing Loan Origination Software (LOS).

The company's business model centers on providing these verification services to banks and lenders across several verticals, including mortgage, small business, auto finance, and personal lending. By consolidating various verification needs into a single platform, clients can improve their operational turn times. PointServ has established integrations with major entities in the mortgage industry, such as being a Fannie Mae Authorized Report Supplier for Asset Validation Reports and supporting Freddie Mac’s automated asset and income modeler. In late 2023, the company also integrated with Fannie Mae's new Income Calculator, particularly aiding in the complex calculations for self-employed individuals.

A recent development in their service offering is an AI-driven tool that permits loan professionals to conversationally interact with a borrower's verified financial documents, aiming to make the analysis of these materials more efficient.