USafe, a personal financial fitness app, helps consumers build, monitor, and improve their finances to achieve long-term goals.
PHILADELPHIA CREAM March 16, 2022 /PRNewswire/ — Mortgagea national mortgage company, partnered with Trans Union and EndLocker to provide consumers with the implementation USafe making financial literacy and personal financial management more accessible.
This partnership comes a few weeks before that of UMortgage Financial Literacy Weeka weeklong event offering free virtual financial education aimed at audiences of all ages.
The FinLocker-powered USafe app is another action taken to help UMortgage’s mission to help consumers achieve a financially stable future with homeownership as the anchor to build generational wealth. Through the USafe app, consumers will receive:
- Personalized journeys to monitor and improve their credit health with TransUnion
- Tools to manage their finances, set savings goals, forecast cash flow and budget to pay down debt and save for a down payment
- Educational resources on how to manage credit and debit cards, pay for college, prepare for the mortgage process, and more.
“The home ownership is the basis for the creation of wealth for most Americans. While growth in house prices has reached its highest level in over 45 years last year, homeowners with mortgages saw their net worth increase by 29.3% a year on year in the fourth quarter of 2021, according to CoreLogic. It is a means of gain $ 55,300 by owner,” said Brian Vieaux, president and chief operating officer of FinLocker. “FinLocker provides consumers with the tools to build credit, pay off debt, and save their down payment so they can qualify for great mortgage rates. Buying a home with a lower interest rate will help them pay less for their home over the life of their mortgage, improve their cash flow to help them reach their long-term financial goals, and contribute to their net worth, all they can do in their optimized USafe app by FinLocker.”
Consumers attending Financial Literacy Week powered by UMortgage’s Monday, March 28 th by Sunday April 3, will have the first opportunity to download the free USafe app. “We’re 10 years away from homeownership being unaffordable for the vast majority of Americans – that’s a problem,” said Anthony Casa, President and CEO of Umortgage. “We believe that providing free financial education is essential for wealth creation and, for us, the most impactful thing we can do is focus on generational impact, especially for underserved communities.”
“Credit is fundamental to homeownership and it’s important that consumers – especially those in underserved communities – have access to tools that provide financial literacy on how they can build credit to become successful owners,” said Joe Melman, Senior Vice President of Mortgages at TransUnion. “When consumers have a better understanding of their mortgage readiness and the various financing options available, they are much more likely to be successful in the home buying process.”
UMortgage is TransUnion and FinLocker’s first joint customer to use their first digital solution to identify potential homebuyers and nurture and convert leads into funded loans while streamlining the mortgage application and underwriting process for all parties.
UMortgage is a national mortgage company dedicated to providing best in class service to its loan originators and clients. We are committed to developing strong relationships with everyone we meet and are committed to serving the communities we serve across the country. At UMortgage, experience is everything and a key pillar of that mission is to provide financial knowledge and tools that create generational impact, especially for underserved communities. Established in 2020 and growing, UMortgage and its loan originators are creating value-driven relationships nationwide. For more information, visit umortgage.com.
Based at St. Louis, Missouri, FinLocker provides a secure financial fitness app that aggregates and analyzes a consumer’s financial data to deliver personalized journeys to build and monitor their credit, manage their financial accounts, receive their net worth and cash flow analysis, create goals, budget and save for mortgage eligibility and other financial goals. For more information, visit FinLocker.com.
About TransUnion (NYSE: TRU)
TransUnion is a global information and knowledge company with a leading presence in more than 30 countries on 5 continents, enabling confidence in the modern economy. We do this by providing an actionable picture of each person so they can be reliably represented in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call it Information for Good®.
View original content to download multimedia: https://www.prnewswire.com/news-releases/transunion-and-umortgage-partner-with-finlocker-to-bring-financial-tools-and-education-to-consumers -nationwide-301503864.html