Bank and Trade Line Verification
 
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Bank Verification & Trade Line Verification

Bank and trade line verifications allow you to reduce the risk of falsified applications with little or no effort. Our trade line and bank verifications save time and money by verifying multiple bank and trade line references for you, which allows you to focus on managing your business.

Basic information, e.g., account number, type and status, is verified in addition to up to 15 customizable questions. Verifications are sent to our call center for fulfillment, and then an e-mail is sent when the report has been completed. You may also opt to fulfill verifications in-house.

MicroBilt uses trade line verification procedures developed in cooperation with the National Credit Reporting Association that meet and exceed FHA, Fannie Mae, and Freddie Mac standards for assuring data quality and detecting fraud. Once in our system, verified trade lines can be included in a PRBC Report with FICO Expansion Score to give you a more complete and accurate credit assessment of your applicant.

What Information Is Verified?

Bank Verification

  • Account Name
  • Account Number
  • ABA Number
  • Account Type
  • Opening Date
  • Up to 15 Customizable Questions

Trade Line Verification

  • Account Name
  • Account Address
  • Account Number
  • Opening Date
  • Credit Limit
  • Balance
  • Terms
  • Status
  • Up to 15 Customizable Questions
For sales assistance with Bank Trade Line and Bank Verification products use our convenient or call (800) 884-4747
 
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