Risk Assessment Services | TruAlert
Did you know that 70% of fraud in the lending process comes from application information? Our TruAlert services protect you from identity misrepresentation by instantly verifying the identities of applicants.
How TruAlert Works
Seconds after you provide us with five basic pieces of information – an individual’s name, address, date of birth, phone and Social Security number – we reply with a report that includes:
- A verification of the applicant’s identity
- A check against government lists of known or suspected terrorists
- A unique 0 – 100 Risk Score, available through our RiskID service, providing easy risk assessment. The lower the score, the higher the number of data inaccuracies and the greater the risk the applicant represents to your operation.
Why TruAlert?
- Instant Results
You request and receive data through TruAlert’s secure online platform. Our convenient click-for-data interface lets you submit requests and view results in real time, enabling you to process a greater volume of identity checks.
- PATRIOT Act Compliance
TruAlert facilitates compliance with the Customer Identification Program regulations defined by Section 326 of the PATRIOT Act.
- Detailed Reports for Informed Decisions
TruAlert’s RiskID service provides up to six potential risk indicators informing you of specific problematic results discovered during database searches. Our report then offers recommended courses of action that your company can undertake.
- Multiple Database Validation
Financial institutions lose billions of dollars every year to fraud and identity theft. By validating and verifying identity information across multiple databases, TruAlert is the most in-depth solution available to minimize this risk.
- Comprehensive Data
Instead of having to evaluate multiple reports from different public domain databases, TruAlert provides you with one complete document. For your convenience, TruAlert can also perform batch and volume processing.
