CIP & Red Flags Rule Compliance Solution
ProScan ID provides a convenient, automated means to help you meet compliance requirements for the Customer Identification Program (CIP) and the Red Flags Rule. Together, they help answer the critical question, "Is your customer who they say they are?"
- Verifies an applicant’s identity at anytime during the mortgage lending cycle
- Easily integrated into your current LOS and other systems
- Expanded, best match search results from multiple data sources
- Available in batch format
Beyond standard alert products, ProScan ID delivers optimum best match results based on advanced logic and filtering algorithms. It recognizes and reports a variety of critical discrepancies involving an applicant’s SSN, such as cases where an SSN has been issued to multiple people; and invalid, deceased or stolen SSNs. Results also include FACT Act alerts.