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
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
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
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
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