KENNESAW, GA, May 28, 2013
MicroBilt Corporation has activated its Instant Bank Verification (IBV) tool in Canada. An unprecedented development in alternative lending solutions, IBV has the potential to drastically improve the underwriting process for lenders in Canada. IBV goes beyond account history to deliver real-time, up-to-the second account facts. In addition to instantly verifying the account, IBV retrieves dozens of essential account attributes: direct deposit info, NSF status, current and available balances, 90 days of transactional data and more. Lenders can also access IBV’s BalanceChek feature, which reveals the account balance during collections. This allows lenders to avoid failed ACH withdrawal attempts during collection. “Faster verification through IBV isn’t just good for the lender,” says MicroBilt Senior Vice President Sean Albert. “It leads to greater customer satisfaction and a lower dropout rate. Today’s consumers are accustomed to filling out online forms, and studies have shown that they prefer the quickness and convenience of online verification.” For more information, lenders should visit www.MicroBilt.com/IBV or contact Sean Albert, at 1-800-884-4747 ext. 4884, or email Sean_Albert@microbilt.com.
About MicroBilt Corporation
MicroBilt is the leader in serving small businesses with data and tools that they need to manage risk and make informed lending and hiring decisions. MicroBilt offers the small business owner simple, cost-effective solutions for fraud prevention, consumer financing, debt collection, and background screening. With its PRBC® Consumer Report with the FICO® Expansion® Score, MicroBilt is the leading provider of alternative credit data to businesses that want to offer credit and other financial services to the over 100 million underserved consumers in the United States. For more information, visit www.MicroBilt.com