Mortgage Lenders
- Mortgage fraud is perpetrated by criminals acting alone or in collusion
- It involves misrepresentation for funding or acquiring mortgage loans with false identities
- authID definitively identifies all parties to ensure none are deepfakes or synthetic fraudsters
Help Prevent Millions in Financial Losses and Liabilities Using Biometric Authentication
Like car loans, mortgage loans are often subject to synthetic identity fraud, although they involve a greater percentage of collusion between parties such as borrowers, loan originators, and realtors.
Solutions for Mortgage Lenders
Mortgages not only determine ownership, they affect credit ratings. Verifying the identity of a borrower not only saves the lender from fraud, it can save an individual from a credit hit when a criminal borrows in their name.
authID verifies the principals in the transaction to ensure the execution of a legitimate transaction. We can determine if an applicant is an actual person, and if so, are they are who they claim to be at time of digital application. Through positive verification of identity, we also provide an audit trail.
Strict and accurate identity verification keeps all parties honest in a crime of collusion.
Identity Verification
Compliance / KYC
Money Transfer
Speed & Accuracy
Biometrics and liveness detection are irrefutable in determining proof of life, and when correlated with a physical ID, can authenticate users remotely and securely.
vs. 7 Seconds — 10x Faster Authentication Time
1 in 1 Billion
False Match Rate Accuracy
Zero
Biometrics Stored — Supports Global Compliance With Our New No-Biometric Storage Solution
Test Our Biometric Authentication for Mortgage Lenders
Step 1
Set up a quick biometric demo or free trial in minutes.
Step 2
Test API calls, user experience, and the admin portal in the cloud or on-premise.
Step 3
Finalize your testing and agreement to go live.
authID Has Verified Over 1 Million Identities
The authID biometric verification stack is used by millions of users at some of the top fintech, financial services, medical and hospitality companies.
Providing our valued customers with a seamless identity experience was paramount to our digital transformation and growth. authID helped HRB comply with rigorous regulatory programs through secure identity verification and facial biometric matching of the customer. Biometric authentication has helped us eliminate passwords, and secure critical customer transactions. We look forward to expanding our collaboration with authID to support our rapid global expansion into new markets.
Prabhakar Kaza, CEO
According to IBM Cost of a Data Breach Report - 2023
The average data breach in the US last year cost business $4.4M. Biometric verification would have helped stop it.
Set up a free 30-day trial today to help prevent a data breach!
According to IBM Cost of a Data Breach Report - 2023