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AUTO LOAN ORIGINATION BEST PRACTICES FOR CREDIT UNIONS AND BANKS

The defi Team auto loan origination software, Automation, Community Banking, Credit Unions, defi ANALYTICS, defi CONNECT, defi INSIGHT, defi LOS, defi Partners, Digital Loan Documents, Digitalization, Fraud, Loan Origination Software, Reporting & Analytics, Simplifying Processes, Technology

Loan origination best practices benefit both consumers and lenders. After years of developing, delivering, and supporting lending systems, we at …

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INTEGRATED BANKING FRAUD DETECTION SOFTWARE

The defi Team defi INSIGHT, Fraud

With seismic enhancements in fraud detection software, banks can now catch fraudsters quicker while improving the flow of non-fraud borrowers. We’ve detailed the reasons why financial institutions should upgrade, along with eight fraud detection software must-haves for your organization.

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ACCOUNT TAKEOVER FRAUD PREVENTION FOR LENDERS

The defi Team defi INSIGHT, Fraud

In an account takeover, an individual or well-organized cartel obtains access to a consumer’s account, changes login credentials or personal data, then makes unauthorized transactions using that account. Unauthorized purchases, transfers of funds, and cancellation of payments can quickly lead to financial ruin for the consumer and reputational damage for the business that failed to prevent it.

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HOW LENDERS CAN PREVENT LOAN STACKING

The defi Team defi INSIGHT, Fraud

Loan applications are often sent to multiple lenders simultaneously. The action is called loan stacking, and it can help address a legitimate need for quick funding, or to perpetrate a scam that brings quick funding with no intent of complete repayment.