BorrowerCheck for Dealers
BorrowerCheck is a tailored software solution for automotive dealers that transforms the loan approval process giving you more efficient, reliable, and profitable dealer operations.
It provides a more accurate and comprehensive assessment of borrower risk than traditional red-flag solutions, resulting higher-quality loan applications and reduced lender buy-back demands, backed by thorough and reliable risk assessments.
Benefits
Robust Fraud Detection
By leveraging Point Predictive’s proprietary data repository, BorrowerCheck goes beyond detecting simple identity theft to consider income, employment, and synthetic identity-related risks.
Reduced Lender ‘Buy-Back’
Comprehensive due diligence helps prevent sending lenders high-risk applications and protects vendor relationships.
Improved Borrower Experience
Replace cumbersome screening questions with phone-based, one-time authentications that can help combat synthetic identify fraud.
In The Press
Point Predictive and RouteOne Expand Integration
Building on the integration of BorrowerCheck™ , which provided 14,000 dealerships access to new red flags and identity check, this enhanced SaaS solution provides a full integration of identity checks, phone validation and one-time passcodes as well as income and employment validation through access to IEValidate™.
Trusted by
Features
Streamlined Reporting
Provides an easy-to-understand, real-time PDF report on an applicant’s financial identity, detecting any misrepresentations and providing recommended actions.
Optional Phone OTP Verification
Send a one-time passcode to the consumer’s phone for a faster alternative to traditional KBAs.
Comprehensive Data Checks
Generate red flags based on the analysis of public records (including OFAC) and our proprietary data repository.
Integrated with Most Dealer Platforms
BorrowerCheck is already integrated with most dealer platforms via direct or indirect integrations, so no onerous integration work is required.
Download Our Case Study
How Carriage Auto Group used BorrowerCheck to save over $50k in fraud losses.
