By utilizing a TurboPass report we are able to expedite the funding process and prevent fraud in three distinct ways:
- We are able to validate the consumer‘s identity with the report, which negates ID theft.
- We are able to confirm the consumer’s Proof of Residence, vs easily/often tampered with PDF or copy of a document.
- We are able to confirm the actual income via deposits of self-employed applicants or validate the automatic ACH deposits into the applicant’s account. This excludes all fabricated PayStubs and ‘doctored’ print to PDF bank statements.
It’s a winner all the way around!
Kyle Dietrick, SVP of Acquisitions
Westlake Financial