September 30, 2025
In
Lender Solutions, SSA-89
SSA-89 vs. KYC: When and Why Lenders Need Both
As financial fraud continues to evolve, lenders are under increasing pressure to validate borrower identity with speed, accuracy, and regulatory precision. Two tools often used in this effort are Form SSA-89 and Know Your Customer (KYC) procedures. While both serve to confirm identity, they serve
August 27, 2025
In
Lender Solutions
How to Stay Compliant with the Red Flags Rule and Customer Identification Program (CIP) in 2025
As identity theft and synthetic fraud continue to rise, federal regulations like the Red Flags Rule and the Customer Identification Program (CIP) remain critical components of a lender’s risk management and compliance strategy. Yet, with evolving fraud tactics and shifting borrower expectations, many lending institutions
August 6, 2025
In
Lender Solutions
Why Instant IRS Transcript Access Should Be Part of Your Verification Strategy
In 2025, lenders are under more pressure than ever to close loans faster, reduce fraud, and meet borrower expectations for digital convenience. That’s why the recent shift toward automated IRS transcript access, enabled through updated 8821 and 4506-C tools, is being hailed as a game
June 26, 2025
In
Lender Solutions
Digital Identity Trends That Empower Consumers and Build Trust in Lending
In an increasingly digital world, consumers are seeking faster, safer, and more seamless ways to interact with financial services. From mobile banking to instant loan approvals, expectations have evolved. At the heart of these innovations lies a powerful enabler: digital identity trends. As identity verification
May 23, 2025
In
Lender Solutions, Small Business Loans
Why Section 1071 Matters and Where Verification Counts
If you're lending to small businesses, you've likely heard about Section 1071. It's part of the Dodd-Frank Act, and after years of legal back-and-forth, the Consumer Financial Protection Bureau (CFPB) is moving forward with it, albeit with more pushback and rule revisions still underway. At its
April 2, 2025
In
Lender Solutions
Strengthening Credit Union Cybersecurity: A Practical Guide
The landscape of cybersecurity threats to credit unions is constantly evolving. As cyberattacks become more sophisticated, it's crucial to stay informed. Studies reveal that 80–90% of data breaches are caused by human error, not technology failures. This underscores the need for continuous education and innovative
March 28, 2025
In
Lender Solutions, Banks
Why US Mid-Tier Banks Must Modernize Now: A 2025 Reality Check
Market data indicates a strong push for change, with 96% of financial institutions investing in payment modernization. Mid-tier banks now face challenges from established players and agile fintechs. Customer expectations are clear: 43% of businesses prioritize real-time payment capabilities in banking partnerships, while 57% seek better
January 28, 2025
In
Lender Solutions
Lending Industry Year-End Results and What to Look Forward to in 2025
2024 witnessed significant financial developments, marked by market fluctuations and policy changes that have profoundly influenced the economic landscape. These shifts in various sectors, movements in interest rates, and global events have not only impacted but also shaped overall financial strategies. In September 2024, the Federal
December 31, 2024
In
Lender Solutions, IRS and Tax Transcripts
How to Get 4506 Transcripts Right: A Loan Officer’s Success Guide
Loan officers face a critical challenge - securing 4506 transcripts efficiently to complete loan applications. These essential IRS documents directly impact loan approvals, with delays causing missed closing deadlines and disappointed clients. Our proven expertise with 4506 transcript processing delivers results that matter to your business.