LoanPro's Smart Verify tools provide lenders with essential information they need to reduce credit risk. Smart Verify supports a wide range of verifications and processes, all streamlined for your operations and pulling best-in-class data from over a hundred vendors. This article will provide brief descriptions of each of our features and link to our in-depth articles. 

Smart Verify features

Consumer tools

MLA/SCRA monitoring and verification: continuously check or verify borrowers' military status and ensure compliance with military financial protections like the Military Lending Act (MLA) and the Servicemembers Civil Relief Act (SCRA). 

OFAC InstaCheck and verification: Automatically check borrowers against OFAC's specially designated nationals (SDN) list. This can be configured as a one-off solution or can be configured to continuously monitored OFAC statuses. 

Deceased monitoring and verification: Prevent fraud by cross-referencing accountholders with the Social Security Administration's official Death Master File (DMF) to confirm the status of borrowers. 

Automated KYC: Leverage AI-driven tools for enhanced consumer verification.

Business tools

Lawsuits and bankruptcy monitoring: Stay informed on borrowers' (both business and consumer) litigation and bankruptcy status by pulling data from the majority of the courts in the U.S. as well as PACER. 

Lien search, monitoring, and filing: Get insights into a company's financial obligations, verify current obligations, and even set a continuous monitoring process. 

Business Search: Choose from a large list of data points to create a customized search for businesses using only their name and address. 

To begin using these tools, reach out to your LoanPro contact and get started today.