Reduce the risk of your loan decisions with one (or all) of our bank verification solutions. Automate your processes to make quick, accurate decisions with a complete picture of your applicants’ current banking circumstances.
IBV allows you to instantly verify a consumer’s bank account. With real-time transactional data from over 20,000 financial institutions worldwide, you can receive current bank statements and identity verifications.
IBV can be used for the following:
IBV allows lenders to make quicker loan decisions across the United States, Canada, and the United Kingdom.
Using proprietary data from a large network of financial institutions, Manual Bank Verification offers lenders a solution to confirm banking information before extending loans or initiating an ACH debit.
With better coverage, better data, and the guarantee of manual verification, this solution:
Plus, when you upgrade to MBV’s premium level, you can utilize direct, 3-way calls between the consumer, their financial institution, and an MBV representative to ensure the highest degree of verification.
Additional benefits of MBV include:
BAV Advantage utilizes two proprietary databases of more than 150 million consumer records and 1.5 billion ACH and check transactions. This solution lets you get a fuller picture of consumer credit history while verifying their banking information.
Unlike traditional credit reports, BAV Advantage uses consumers’ bank routing and account numbers to deliver cross-institutional views of banking behavior and loan activity.
Additional data this report returns:
Common use cases for BAV Advantage include:
Combine BAV Advantage with identity verification and anti-money laundering tools to get a full, 360-degree view of your applicants’ loan and bank performance history.