Third Party Integration with MicroBilt

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

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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. 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.