What is....?
What is the Internal Watchlist?
When Risk Review withdraws an application for Suspected IDT, that applicant's contact information (Name, Email, Phone, Address and IP Address) are added to an internal watchlist. If any subsequent applications are submitted with any, some or all, of the contact information then it will create an internal watchlist trigger for the matching point of contact and the system will send the subsequent application to Risk Review.
LMOD file with DNP/CAIVRS?
Reinstate
RR initiated due to Metadata alert check, does not pose a significant risk due video reflecting the damage property. All contact can be resolved. No disbursed loans. No CLS event. Recommendation to Reinstate.
What is the Application Stage
A CLS event should be present.
What is a CS-18
CS-18 is a collateral condition that is added when a non-applicant owns property that we are taking as collateral. (This is done by Application Processing.)
Appeal file with IDT concerns?
Document Request / Doc V request.. Then we will have to Send to LO if IDT concerns remain unmitigated.
Original File review, Composite Trigger alert. Current Disbursed loans. No CLS event. Address and phone can be resolved to the individual. Email cannot be resolved. Recommendation to withdraw.
Doc V/ Document Request... Then possible reinstate or withdraw... CLS event information/ID verification. If application IDT is overcome, please confirm applicants email address and ask Out of Wallet PII questions.
True.
What is Suspected IDT?
Suspected IDT is when someone other than the named applicant submitted a loan application without the actual person's knowledge.
National ID alert only and Disbursed Loans?
We would Reinstate since not IDT concerns.
LMOD file review, Identity is associated with fraud victim alert. Doc V successfully completed. This mitigates IDT concerns. All contact information can be resolved to the individual. Recommendation to Reinstate.
No disbursed loans. No IDT indicated.
How many elements should be addressed in the new KYC manual search?
9
What is a CLS Event?
CLS EVENT occurs when an applicant creates their user profile and the Risk Verification task determines an identity verification is warranted.
CLS Blocking task + Disbursed Loans?
Send to LO.
Appeal file review, Internal Watchlist alert for Name match and IP address. Document request submitted, no response from the applicant. Email and phone can be resolved. Address cannot be resolved to the individual. Disbursed current loans. IDT concerns not mitigated. Recommendation.
No CLS event. Recommendation to Send to LO. If file continues processing, please confirm the applicants address and ask Out of Wallet PII questions.
Where do you find information reflecting if the file is a Reconsideration/Reacceptance Request Submission file?
What is a Composite Trigger?
A trigger developed by Socure system in its analysis of trends from applications where a combination of alerts indicate a high probability of suspected theft and/or suspicious activity.
LMOD with Suspected IDT concerns?
Reinstate
Original File review,
All contact information can be resolved to the individual. No disbursed loans.
Triggers/Alerts, No CLS event. No Recommendation. No IDT mitigation.
DNP for an Authorized Representative for a Non-Profit business.. Where would we send the file?
What is Reinstate.