Leading cloud-native digital banking provider Lumin Digital (Lumin) announced its partnership with Chimney, an award-winning fintech that allows financial institutions to engage homeowners and generate home loans directly within online banking. The partnership will bring Chimney’s solution, MyHomeTracker, to financial institutions using Lumin’s digital banking platform, allowing their users to track home value, see available borrowing power, access financial education on homeownership, and receive personalized loan offers – all directly inside their mobile and desktop banking app.
Many banking apps lack basic homeownership information, forcing homeowners to resort to a fragmented and confusing process in which they must piece together key information like home value and available equity from third-party sites. However, Lumin Digital’s innovative, customizable, and scalable digital banking platform easily integrates with MyHomeTracker, enabling financial institutions to provide homeowners with these essential insights as a part of a unified and intuitive digital experience.
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“We’re thrilled to be working with Chimney to enhance the digital banking experience for both current and future homeowners,” said Sean Weadock, Chief Product Officer at Lumin Digital. “Integrating Chimney’s MyHomeTracker solution into our digital banking platform empowers users with valuable insights about their home while also delivering personalized financial education and offers, all seamlessly within their digital banking experience.”
BCU, a purpose-driven credit union with over $6 billion in assets, is the first to launch the integrated MyHomeTracker solution on Lumin Digital’s platform. This innovative tool will be available directly to its more than 360,000 members across the U.S. and Puerto Rico.
“Our success is measured by empowering members to achieve their goal, and that includes how they manage their most important asset — their home,” said Bhavna Guglani, Chief Digital Officer at BCU. “Chimney’s MyHomeTracker stood out because it’s simple, actionable, and deeply integrated with how our members already use our digital banking app. Chimney is delivering a cross-functional tool that benefits multiple departments from the digital and real estate teams, to marketing and member service teams.”
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With data covering 98% of the residential U.S., including hundreds of millions of properties and billions of records, MyHomeTracker enables Lumin Digital’s clients to provide homeowners with an even more personalized digital banking experience.
“We believe in products that are beautifully designed, easy to use, and simple to understand,” said Chimney Co-founder, Chase Neinken. “MyHomeTracker is not just built to drive digital engagement; Chimney’s goal is to turn digital banking into the #1 source for home loans. By combining Lumin Digital’s cutting-edge platform with Chimney’s innovative solutions, we are raising the expectations for digital banking experiences everywhere, and helping financial institutions build deeper, more meaningful relationships with their clients.”
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Source: PR Newswire
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