One important step in combatting fraud, verification of Social Security numbers is regulated by the U.S. government. With the consent of a borrower, SettlementOne assists the lender in verifying that the name, date of birth and Social Security Number on a loan application matches that on file with the Social Security Administration.

Advantages:

• Legally compliant with all U.S. Federal privacy regulations
• Fast, accurate reporting
• Easy fraud detection