Third Party Integration with DecisionLogic

What is decision logic bank verification?

DecisionLogic is an advanced bank verification system enabling lenders to instantly verify a potential borrower’s banking information online and in real-time. DecisionLogic now offers Identity Verification (DL Match). Utilizing industry-leading Identity Verification Technology, DecisionLogic instantly verifies a potential customer's Name, Phone Number, DOB, Address & Social Security Number. DL Match helps to add an additional layer of risk detection, helping to identify key risk indicators associated with a customer’s identity.

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SparkLMS integrates with the best breed of third-party solutions in the Lending Eco-system to run a lending portfolio easily and profitably. DecisionLogic + SparkLMS integration will allow lenders to score their leads in real-time, to mitigate risk and to make informed decisions prior to lending a customer.

What it does

With this integration, lenders will be able to

• Identity Verification - verify your borrowers name, address, phone, and social security number
• Validate Key Risk Factors - eliminate the need to fund a loan without proper identification
• Analyze Descriptive Risk Indicators - helpful descriptions of detected identity discrepancies
• Verify Bank Account Number

Benefits

• Reduce Fraud - eliminate the risk of funding a loan without positively verifying the recipient's identity
• Protect against ID Theft
• Streamlined process and Reduce expenses - save time and money by pulling DL Match with an bank statement pull

Pre-requisites

After on-boarding your lending portfolio on SparkLMS, you must set-up an account with DecisionLogic. We will guide you through the entire process of setting-up DecisionLogic in your instance of SparkLMS.