Underwriting products

Plaid Check products include scores and analyses that you can use directly for underwriting purposes, along with transaction data categorized into lender-relevant categories. The Consumer Report provides raw data similar to Assets, with additional analysis such as overall inflow and outflow counts and averages. Consumer Report is enhanced by two optional add-ons: Income Insights and Partner Insights. Income Insights provides historical monthly and annual gross income data as well as future income predictions. Partner Insights provides pre-generated cashflow underwriting risk scores and analysis in partnership with Prism Data.

Plaid Check can be used together with most Plaid Inc. products, such as Layer or Balance, but cannot be used with Assets or Income.

Assets gets details on an end user's assets and balances, including transaction history, with inflows and outflows categorized into lender-relevant categories. Asset reports can be provided either in JSON format for programmatic use or PDF format for human-powered verification workflows. Assets is optimized for verification and underwriting for traditional loan origination, such as mortgage underwriting, and is an authorized provider for Fannie Mae Day 1 Certainty.

Income gets income details suitable for cash flow underwriting and income or employment verification. Where Assets provides all transactions and requires you to analyze them yourself, Income identifies specific income streams and provides details such as amount and frequency. Income supports both gig and payroll income types and can verify income based on deposits to a linked account (Bank Income), user-uploaded documentation such as W-2s or pay stubs (Document Income), or data imported from a linked payroll provider (Payroll Income).

Assets provides a broader financial picture as part of traditional loan underwriting and asset verification, while Income focuses on providing rich income data optimized for cash flow underwriting and employment verification and supports a variety of data sources.

Consumer Report by Plaid Check provides data similar to Assets and Income, plus risk scoring and income insights. With its off-the-shelf insights, Consumer Report is ideal for customers who want to do cash flow underwriting without building their own credit risk attributes and scores from raw bank transaction data.

Statements (US only) gets exact copies of PDF statements as provided by the financial institution, to streamline your verification processes that require statement copies. Because Statements does not cover all major or long-tail institutions, it should be used with a fallback option in place if data is not available. Statements supports only depository (e.g. checking, savings, or money market) accounts.