Human exploitation, lost/stolen credentials or scams that compel consumers to divulge or expose personal information keep payments fraud on the rise. Catalyst Corporate's Glenn Wheeler explains the importance of raising awareness about payments fraud.
When it comes to originating loans, whether for the lender’s portfolio or for selling into the secondary market, automation is a basic requirement. Today, there are too many legacy manual processes throughout the applicant’s journey from origination to closing. It’s not enough to have a system of record to process the information required to generate a compliant and saleable loan.