Sagent Lending Technologies announced the integration of Cross Check from Innovis Data Solutions into its Auto Loan Origination System (Auto LOS) to increase lender protections against fraud in today’s increasingly complex marketplace, the company announced in a release.
Cross Check from Innovis is an industry-leading identity verification and fraud detection solution designed to keep a lender’s automated decisioning process flowing smoothly while minimizing the risk of fraud loss.
Auto lenders using Sagent’s Auto LOS platform will now be able to view Cross Check verification data to verify consumer-provided application information and to easily clear stipulations without switching to another application, delaying the lending decision, the company stated.
Cross Check strengthens compliance efforts with the USA Patriot Act and FACTA Red Flags by detecting inconsistencies in consumer-provided application information and screening against OFAC and other high-risk alerts.
“By integrating Sagent’s Auto LOS with Innovis’ Cross Check solution, we’re enhancing our origination platform with a comprehensive suite of validation services for today’s auto lending environment, protecting lenders from fraud, and streamlining the entire loan and lease process for borrowers,” Sagent Technologies Chief Production Officer Charles Sutherland said in the release.