EPIC Introduces Clients to New Instant Bank Verification Upgrades from MicroBilt
Kennesaw, GA (PRWEB) July 24, 2013 -- EPIC Loan Systems is one of the first LMS companies to offer MicroBilt’s Instant Bank Verification (IBV). EPIC will now offer IBV with more features than ever.
As the first tool to allow instant online account verification and automated decisioning, IBV is a major accomplishment in underwriting. The key to increased security through IBV is its triangulation of account data with consumer data, and with recent upgrades, IBV now delivers over 125 key facts about both the customer and bank account.
IBV’s also offers additional collections features which could be vital to the future of the short term lending industry. Through the ClearChek and BalanceChek features, IBV delivers vital real-time data during collections, including account balance and other accounts linked to the same consumer.
“Failed ACH withdrawals during collections affect lenders in multiple, profound ways,” said MicroBilt Senior Vice President Sean Albert. “IBV’s collections features let you avoid failed withdrawals, maximize collections through partial withdrawals, and decrease strains on processor/ODFI relationships. If you have the ability to look before you leap, why keep attempting transactions blind?”
Lenders interested in IBV integration through EPIC LMS should contact Sean Albert at 1-800-884-4747, ext. 4884. Find more info about EPIC Loan Systems at 1-877-305-3742 or go to epicloansystems.com. You can find out more about MicroBilt and IBV at MicroBilt.com/IBV.
About EPIC Loan Systems
EPIC Loan Systems, the fastest growing LMS, brings a new era of loan management systems to the industry. Their complete, turn-key solution for lenders processes leads more effectively, provides lenders more control over portfolio management and dramatically enhances lender profitability. EPIC Loan Systems’ continuous innovation, delivering new releases and services, helps their clients remain compliant and profitable in a challenging market. EPIC Loan Systems is changing the way lenders do business.
About MicroBilt Corporation
MicroBilt is the leader in serving small businesses with data and tools that they need to manage risk and make informed lending and hiring decisions. MicroBilt offers the small business owner simple, cost-effective solutions for fraud prevention, consumer financing, debt collection, and background screening. With its PRBC® Consumer Report with the FICO® Expansion® Score, MicroBilt is the leading provider of alternative credit data to businesses that want to offer credit and other financial services to the over 100 million underserved consumers in the United States. For more information, visit http://www.MicroBilt.com.
Sean Albert, Microbilt Corporation, http://www.microbilt.com, 800-884-4747 4884, [email protected]
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