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With the latest release of credit commander 3.1, you can
now view any applications requested through your gateway
in the application list. This makes the information available
in our billing module and for viewing purposes as well.
If you would like the opportunity to increase your revenue
channels, then think about offering your customers this
capability. MicroBilt will provide you with a free private
label that you can direct your customers too. Your customers
will have another location to look at their application
history as well as pull some of our additional data sources.
These data sources are available to you to sell to your
customers at a price you set.
(OFAC, Experian’s
Authentication and Trace Detail)
For Pre-Screening purposes you can now run a number of
new data sources before a credit report is retrieved
or use these new reports stand alone.
 OFAC
(Office of Foreign Assets Control)
In response to USA Patriot Act compliance and anti-money laundering initiatives,
you can pre-screen using the government watch list of specially designated nationals
where a search can be made against this watch list to confirm or deny that an
applicant's name appears there. This search is targeted towards foreign countries,
terrorists, international narcotics traffickers, and those engaged in activities
related to the proliferation of weapons of mass destruction.
Experian’s
Authentication Services
- Authentication
Services Level One is a tool that can be
used to verify both consumer and business information
streamline application processing and reduce fraud.
Experian’s extensive verification database
on more than 200 million consumers and 25 million
businesses, allows you to quickly verify the accuracy
of your customer data. A powerful search engine
will instantly generate summarized results from
over 140 different result codes along with a verification
score. Detailed information can also be returned
to help with back-office referrals.
- Authentication
Services Level Two provides an authentication score utilizing the
Level One information combined with Experian’s extensive database
of credit information. Potential fraud indicators along with Experian’s
proprietary matching algorithms are used to create a fraud score designed
to predict the likelihood that the correct customer supplied the identifying
information.
Trace
Detail
A powerful skip tracing report secondary to our People
search that enables you to enter an address and receive
back all associated phone numbers with that address,
neighbors, associates, relatives and alias’s for
that address.
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Decision
Table Email Notifications
- Designate personnel to receive email
notifications when decision levels are assigned
- Move applications through your manual
processes more quickly with instant notification. This
can be utilized to notify personnel of potential fraudulent
applications, applications that attained a gray area
decision and need review by an analyst, or applications
that were approved and require instant follow-up
Prescreening
level added to Decision Table that can automate
which applications are sent to the credit bureaus, and
those applications that should be reviewed or declined
immediately
Set
your rules based on application data to automatically
decline an application
Automated Pre-Screening capabilities now available through Decision Table. Determine
which applications are pre-screened prior to ordering a credit report. You can
configure Decision Table to pull either an OFAC report or an Experian Authentication
report prior to ordering a credit report. You can also automate whether or not
you would like to review the application or submit the application to the credit
bureau based on the results of the prescreen. Use the power of these data sources
to ensure that the person you are dealing with is who they say they are and not
on the OFAC list. See new data sources pre-screening.
MicroBilt has expanded the call center offerings to now provide verification
services. You now have the ability to submit requests for manual employment,
education, bank and trade reference verifications to MicroBilt's call center.
Submit employment information (Education, Bank or Trade) and MicroBilt will call
and verify the key information you require in order to approve an application.
You will also have the option to add your own questions that you would like verified
in addition to the basic information. These applications can be forwarded to
your own call center for fulfillment as well.
New
data sources will be available through your gateway next
month and include:
- Rap Sheets Criminal
- Lexus Nexus Evictions
Records
- Federal Criminal Records
- 3 Bureau Header
File
- PayNet
- And more…
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