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Income Fraud Webinar
June 22, 2023 @ 1:00 pm - 1:45 pm MDT
*Event is SOLD OUT
We are hosting this free webinar for any lender in the credit union business. We have seen an explosion of income fraud in our practice and want to assist credit unions in recognizing and mitigating this potential risk.
Recently, we were onsite at a credit union that had experienced a $50,000 loss from fraudulent income verification. Fraud is a constant battle in our business, and it has only increased with the adoption of remote delivery of loans and advances in online services.
The credit union business has also experienced a lot of turnover in recent years of frontline staff and many of these newer employees are inexperienced in identifying common schemes, let alone the newer tactics used by fraudsters today.
In this 45 minute webinar, we will discuss the following topics:
- Consistency in Verification of Income
- The Role of Income Verification in the Loan Process
- Different Sources of Income Verification
- Permissioned Data
- Alternative Data Sources
- Identity Verification