Don’t miss the value of verifications at origination!

Verifications aren’t just for mortgage lenders.

In addition to saving you time and reducing friction for your consumers, verifying employment and income at the time of underwriting will save you money and help grow your portfolio.

Ways to leverage verifications

• When appropriate, raise credit limits for consumers whose income has recently increased.
  
• Decrease your “look to book” rate on indirect auto lending. Being able to approve and fund a loan on the spot means avoiding lost opportunities.
  
• Reduce charge-offs by finding out when consumers have lost their jobs and moving them up in your collections queue. Make sure you get paid ahead of other creditors!

Want to know more about how verifications can bring value to your company? Click below for more info, and then schedule a call to discuss!