MicroBilt Corporation designs, develops, markets, licenses and supports a wide range of integrated risk management reporting, decision and analysis solutions for short-term lending industry. MicroBilt has a well-earned reputation as a responsible fiduciary of highly sensitive personal data for many of the leaders in the industry
SparkLMS integrates with the best breed of third-party solutions in the Lending Eco-system to run a lending portfolio easily and profitably. MicroBilt + 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
- Predict the likelihood that a consumer will become delinquent in a set period
- Verify customer’s Bank Information like, Will the check clear? Is the account information accurate?
- Cross-reference multiple data sources to confirm the identity of a prospect
- Confirm the account information and location of any mobile phone
- Search for an individual on the Federal OFAC watchlist
- Get a predictive response as to whether an ACH or eCheck transaction will process or be returned
- Identify fraudulent transactions by returning information about the consumer
Benefits
- Significantly reduces the chances of funding a loan to a fraudulent applicant
- Lowers early payment defaults
- Offers the flexibility to choose suitable options from a suite of solutions meant for short-term lending industry
- Single platform to address the scoring needs of a lending portfolio.
- Reduces returns and protection from ACH fraud
Pre-requisites
After on-boarding your lending portfolio on SparkLMS, you must set-up an account with MicroBilt. We will guide you through the entire process of setting-up MicroBilt in your instance of SparkLMS.