FactorTrust has built the most complete database of proprietary loan performance data within lenders servicing under-banked consumers. The data is updated either in real time or via nightly batch updates. Based on extensive studies, previous loan performance stands alone as the single greatest predictor of future behavior.

An occurrence of bankruptcy, as well as, the current status is key information in considering the credit worthiness of an applicant. A consumer currently in bankruptcy proceeding or those who have a discharged bankruptcy are vastly different in terms of risk profile and should be managed accordingly.

Ensures that all potential applicants are compliant in accordance with the guidelines of the Patriot Act and Office of Foreign Assets Control.

A dual purpose tool, which is incorporated within FactorTrust’s LendProtect scoring solution, also providing value in collections efforts. AccountLogic provides the most pertinent code detailing the status of a checking account. Codes returned include account open, ability to facilitate ACH transactions, status of last ACH transaction and in some scenarios validation of funds.

FactorTrust’s identity verification service utilizes unique consumer data in order to validate a consumer’s identity. Incorporating data inputs such as: Social Security Number, Driver’s License Data, Property Data, Date of Birth, and Postal Address Verification allows for a comprehensive authentication of a consumer’s identity.

Provides insight on IP address, domain and proxy level data. Service also uses the data to do distance proximity calculations based on key address data to handle fraud and risk related decisions.