Automating Asset Verification

by Mike Hunter

home-CheckEarly Warning, Scottsdale-based leader in payments, fraud prevention and risk management, recently introduced its Asset Search and Verification Service for Home Loans. Digitizing the verification of bank account details in seconds replaces an otherwise manual process that took sometimes weeks to complete and was highly susceptible to fraud. Rather than depending on the borrower to accurately disclose and provide sufficient evidence of financials, Early Warning’s Asset Search and Verification Service leverages bank-contributed checking, savings, money market, CD, IRA account balance and transaction data to provide a cross-bank view of an individual’s liquid assets.

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