Bank Account Verify
WHAT IT IS:
Bank Account Verify helps lenders reduce underwriting risk by leveraging a consumer’s reported banking history to more precisely identify qualified borrowers and better predict loan payment default.
WHAT IT DOES:
Bank Account Verify offers access to the banking behaviors of more than 100 million consumers and assesses over 1 Billion ACH and check transactions each time a request is submitted. Using BAV, lenders receive a cross-institutional view of a consumer’s banking activities and other valuable information, including:
WHAT IT IS USED FOR:
Lenders in the alternative financial market find Bank Account Verify to be a highly valuable tool in reducing the risk of loan payment defaults related to:
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