Bank Account Verify Advantage
WHAT IT IS:
Bank Account Verify (BAV) Advantage is a new and innovative report that helps lenders reduce underwriting risk and predict loan defaults by evaluating a consumer’s reported banking and loan history.
BAV Advantage utilizes two of MicroBilt’s most powerful proprietary databases consisting of over 150 million consumer records and 1.5 billion ACH and
WHAT IT DOES:
BAV Advantage issues a highly-predictive score based on the same 350-800 scale used in traditional credit scoring. Unlike a traditional credit report, BAV Advantage uses the consumer’s submitted bank routing and account number to deliver a cross-institutional view of banking behavior and past loan performance.
The BAV Advantage report also returns:
In addition to the new Bank Account Verify Advantage score, this latest update to our popular Bank Account Verify offering has these new features:
Additional data including:
Lenders in the alternative financial market find BAV Advantage to be a highly valuable tool in reducing the risk of loan payment defaults related to:
BAV Advantage is compelling as a standalone product, but when combined with identity verification, anti-money laundering tools and/or iPredict to deliver a full 360-degree view of the consumer’s loan and the bank performance history.
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