The ease of committing fraud using online resources has made banking fraud detection necessary for loan origination.
HOW THE BEST LENDERS SPOT STRAW BUYER RED FLAGS
What are the straw buyer red flags that lenders can use to identify fraud and prevent it from hurting portfolio performance? Any one or more of these characteristics are often the most obvious indicators of straw buyer fraud.
EMPLOYMENT VERIFICATION FRAUD IN AUTO LOAN APPLICATIONS
It’s the last day of the month at an auto dealer. While the dealer’s numbers are good, they would like …
INCOME MISREPRESENTATION AND AUTO LOAN APPLICATION FRAUD
Countless auto loan applications are processed monthly. With today’s technology, some lending decisions are near-instantaneous, either automatically approving or declining. …
HOW OUTSOURCING ACCOUNTS RECEIVABLE AND COLLECTIONS IS ADVANTAGEOUS FOR AUTO LENDERS
Unlike loan originations which has a relatively short start to finish cycle and uses automation extensively to bring consistency and …
WHEN CHOOSING A THIRD-PARTY BPO OR MANAGED SERVICING PROVIDER, LOOK FOR INDUSTRY EXPERIENCE
Business process outsourcing has been widely adopted across all industries, from the simple outsourcing of activities, such as accounts receivable, …
AVOID LOAN OUTSOURCING MISTAKES WITH THESE PLANNING TIPS
Many lenders, specifically those solely focused on auto lending, are considering loan outsourcing to improve operational efficiency and simultaneously reduce …
HOW MANAGED SERVICING BPO EASES THE COLLECTION PROCESS FOR AUTO LENDERS
Approximately 90% of new retail auto sales are financed via a lease or loan, and at the moment, Americans owe …
SELECTING AN AUTO LOAN ORIGINATION SYSTEM: WHAT BANKS SHOULD LOOK FOR
Modern auto loan origination software is making it easier than ever for banks to respond to loan applications rapidly and …
AUTO LOAN FRAUDS: TIPS FOR IDENTIFICATION AND PREVENTION
With technology growing and evolving by the second, fraud is more prevalent than ever. In its July 2020 white paper, …
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