with data validation
Financial institutions are losing valuable time underwriting when reviewing repeat applications from fraudulent, delinquent, or Insider (Reg O) customers. Additionally, customers' credit scores are negatively impacted by repetitive credit pulls.
AppShield saves financial institutions time by restricting applications from known fraudulent, delinquent or Insider (Reg O) customers. In addition, it prevents unnecessary credit pulls on repeat applications.
Filter applications from fraudulent, delinquent, or insider (Reg O) customers.
Increase underwriting efficiency by eliminating repeat applications.
Ensure quality of data on credit applications by detecting errors.
Underwriting is time-consuming, so why bottleneck the process? Set loan officers up for success by filtering out application data that should be prohibited from the start. Increase operational efficiency by uploading restricted customer lists to prevent repeat applications and immediately issue Adverse Action Letters.
Free up underwriters' time to concentrate on quality applications. To top it off, build customer confidence by saving them from harmful, repeat credit pulls.