Verification Bureau Makes it Easy to Comply with the FACT Act Red Flag Rules

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Verification Bureau Inc., a leader in fraud detection and information verification solutions for the financial industry, is actively helping financial institutions comply with the FACT Act Red Flag Rules through their Social Security Administration direct identity verification solution, IDFraudScan™. Starting May 1st 2009, the FACT Act red flag rules require creditors and financial institutions to implement programs to detect, prevent, and mitigate identity theft.

Creditors and financial institutions face the increasing challenge of fighting identity theft in their various lending and servicing operations

Verification Bureau's SSN verification solution enables creditors and financial institutions to comply with the red flag rules requirement by verifying the applicant's social security numbers in real time directly through the Social Security Administration, Death Master File, Public Records, and OFAC. In addition, it allows the user to configure monitoring options using different criteria, which will trigger alerts if potential ID theft is assessed during the future automated screenings.

"Creditors and financial institutions face the increasing challenge of fighting identity theft in their various lending and servicing operations," said Esteban Reyes - CEO for Verification Bureau. "IDFraudScan provides a reliable solution to mitigate the risk of ID Theft, and easily comply with the FACT Act Red Flag Rules." he added.

IDFraudScan™ solution is very easy to use, highly powerful and capable of delivering results in a matter of seconds through a secure website or in data format through XML web services. The company's red flag rules compliance system can be bundled with other products and services available through the fraudpredator.com online suite of information verification systems which include: employment, income, collateral, and asset verification.

To learn more about the IDFraudScan™ Solution contact sales @ verificationbureau.com or call 877-477-4506 Ext. 201.

About Verification Bureau
Founded in 2001, Verification Bureau is the leading provider of automated IRS direct income verification (through 4506T) and SSA direct Social Security Number verification systems. Over 2,500 clients and 18,000 users worldwide have screened over 1,000,000 loan files using their suite of verification services, pre-employment background screening, compliance solutions, and fraud detection systems.

Verification Bureau offers a free program which lenders can test for a limited time. For more information: http://www.verificationbureau.com, phone 877-477-4506 Ext 201, or email sales @ verificationbureau.com.

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Juan Perdomo
Verification Bureau Inc.
786-777-0316
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