Overview

The Envestnet D&A Credit LLC Credit Accelerator solution allows consumers to link their accounts across the financial institution(s) and generate a Credit Accelerator file for the lender to use in the loan underwriting or another credit review and approval process.

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To work with our Credit Accelerator product, please contact our Sales team. 

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Integration Steps

1. Authentication and User Registration -
   Client's application authenticates and registers their users (i.e., borrowers) on the Envestnet D&A platform using the Generate Access Token API. For more information, see Client Credentials Authorization.
2. Borrower Link Accounts -
   Client's application launches FastLink 4 (see FastLink 4 Documentation) to enable their users or borrowers to aggregate their accounts. For more information, see Account Linking and Submission Process.
3. Retrieve the Credit Accelerator File -
   The client (i.e., lender) retrieves the borrower's Credit Accelerator file using an API request to the Envestnet D&A platform. The file can be retrieved in JSON or PDF format. For more information, see API Reference.

Key Terms

• Aggregation/Add/Refresh – Refers to the mechanism by which the Envestnet D&A platform gets up-to-date information on an account from a provider site, with the consumer's permission. Aggregation is the process of linking an account. The first-time linking is an add, and subsequent retrieval of up-to-date information is a refresh.
• Cobrand – A logical entity in the Envestnet D&A platform for each of our clients. This makes sure that your environment and data are encrypted and secure. Each of our clients is referred to as a Cobrand and issued a Cobrand ID as an identifier.
  The terms - client and lender - are interchangeably used to refer to a cobrand.
• User – A user identifies the actual end-user. Like the Cobrand, this ensures the data aggregated by an end-user is kept secure and tied only to the user's identifier in the database. Hence, registering a user on the Envestnet D&A platform is essential before the services can be used.
  The term borrower is interchangeably used to refer to a user.
• Provider – A provider is a financial institution (FI) site supported in the Envestnet D&A ecosystem.
• Provider Account – When a user on the Envestnet D&A platform aggregates a FI, i.e. a Provider, a provider account is created to identify this relationship. This identifier is referred to as a Provider Account ID (providerAccountId). For example, if a user aggregates their Bank of America account with two checking accounts and one savings account, the aggregation result would create one Provider Account ID.
• Account – Each account received from a provider for a set of credentials provided by the user is an individual entity and identified by an Account ID (accountId). For example, if a user aggregates their Bank of America account with two checking accounts and one savings account, the aggregation result would create three account IDs, one for each account.