Improving the Lending Application Process Using Enhanced Identity Verification

Identity
White Paper

In the last two months of 2020, two-thirds of home buyers placed bids on properties without ever seeing the home in person. To operate in 2022, mortgage lenders increasingly rely on their online platforms to facilitate home buying and refinancing. While digital identity verification is critical to any online loan application, many mortgage lenders are considering how best to balance customer experience and risk.

GIACT’s new report, Improving the Lending Application Process Using Enhanced Identity Verification, identifies the impact of identity theft on mortgage lending and explains how identity verification can reduce fraud and streamline the customer experience.


Topics Covered

  • Evaluating the impact of identity theft on lending;
  • Identifying variations of mortgage fraud and how fraud operators deploy various identity theft tactics to execute fraud schemes; and
  • How integrated solutions can enhance and streamline the identity verification process for lenders.

Download the White Paper

Consumer Scams Rising in Velocity and Sophistication_Press Release
Identity
34% of U.S. consumers were targeted by scams in 2021, Aite-Novarica Group consumer survey finds

GIACT’s report, Consumer Scams: Rising in Velocity & Sophistication, looks at the methods scammers used to target U.S. consumers, including email, text, phone, and social media. As detailed within the report’s findings, U.S. consumers were solicited through a wide range of mediums using a variety of tactics to social engineer victims into providing payment and / or sensitive payment information.

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The Impact of Identity Theft and Scams in 2021_webinar
Identity
The Impact of Identity Theft and Scams in 2021

virtually every type of financial product, commercial platform, and government support. Simultaneous
scam activity — via social media, phone, text, and email — targeted one in three U.S. consumers in 2021.
What were the results of these activities? And how will organizations deal with and overcome the fraud
challenge?

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