[NotALoan]

There is much more effective identity verification out there used in MCA and many other businesses. Identity verification shouldn't rely on asking questions or verifying forwarded documents. It's easy to catch this type of fraud with the right technology.

What is this technology you know of that tells you the identity of the person you are speaking with over the phone sight unseen?

[goldenhippo80]

What is this technology you know of that tells you the identity of the person you are speaking with over the phone sight unseen?

There are links that can be sent to the phone number and a selfie has to be taken, (you have to smile to make sure it's not just a picture as well). I'm pretty sure plaid does this if not plenty of other companies. When you complete Crypto KYC, they typically do this sort of verification.

[NotALoan]

There are links that can be sent to the phone number and a selfie has to be taken, (you have to smile to make sure it's not just a picture as well). I'm pretty sure plaid does this if not plenty of other companies. When you complete Crypto KYC, they typically do this sort of verification.

What if the person is using a landline and not a cell phone?

[goldenhippo80]

What if the person is using a landline and not a cell phone?

Maybe they should be required to use a cell phone to verify who they are. 97% of adults aged 18–49 own a smartphone and 76% of adults aged 65 and older own one.

[NotALoan]

Maybe they should be required to use a cell phone to verify who they are. 97% of adults aged 18–49 own a smartphone and 76% of adults aged 65 and older own one.

Yeah, I'm sure that explanation will go over REALLY well with the broker whose file I am killing because the guy doesn't own a cell phone