Perhaps it’s the most crucial part of the entire underwriting process. Does the applicant for auto financing have the reliable income to maintain monthly payments? With the prevalence of fraud happening now, income verification is an ongoing challenge for finance companies. Point Predictive recently released a whitepaper aimed at helping finance companies through the income verification process. Chief fraud strategist Frank McKenna made his next regular appearance on the Auto Remarketing Podcast to discuss the resource and other developments he’s seen in the fraud world recently.
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