Instant Bank Verification

A leader in providing breakthrough risk management data solutions, MicroBilt has developed Instant Bank Verification (IBV) for lenders. This proprietary technology verifies a borrower’s bank account in real-time, allowing the lender to immediately assess the risk and bank account status of their applicants.

Cost Savings

IBV allows you to evaluate a borrower’s ability to make timely payments at the fraction of the cost of traditional loan making decision methods.

Minimize Fraud Risk

You will now be empowered to make fast and accurate loan decisions by verifying the existence of a specific bank account and authenticating the owner.

Boost Loan Portfolio Value and Performance

With real-time access to over 20,000 financial institutions IBV quickly gauges the ability of an applicant to repay the amount borrowed by instantly verifying:

• The existence of a specific bank account
• The amount of time the bank account has been active
• Whether or not the applicant has their paycheck directly deposited to that account
• The frequency of the direct deposit
• The number of times the account has been in NSF status
• Balance + or - in $100 increments

Close More Loans

With Instant Bank Verification fewer borrowers will abandon the application process during the verification phase allowing you to close more loans that are less risky.

If you are looking for a way to make your assessments easier to complete and more objective overall, MicroBilt offerings might just be what you had in mind in order to get the job done!