Identify fraud with real-time information
Commercial lenders are facing a rapidly increasing volume of opportunities, a changing market, and constantly evolving underwriting standards—all within the context of increased documentation and compliance requirements.
Understanding the risks associated with commercial lending is extremely important and can help you safeguard against unexpected loss. With every loan it is important to first understand who the customer is and any risks they pose. Next, a lender must also confirm principal ownership, UCC’s, liens, judgments, and lawsuits/dockets.
Thomson Reuters understands how important it is to quickly and accurately manage your lending risk and protect your organization. With Thomson Reuters CLEAR you can conduct high-volume identity verification, risk analysis, and flag any concerns for further investigation in minutes.
Quickly confirm identity and flag fraudulent businesses
Confirm a borrower is who they say they are and that they do indeed have a sustainable business with CLEAR ID Confirm.
CLEAR ID Confirm streamlines the identify verification process, leveraging robust, comprehensive public and proprietary data while providing identity flags that alert you to potential risks. A fully customizable overall score is created to determine if further due diligence is needed.
Get immediate risk insights for individuals and businesses in just one search
Automate and configure your risk analysis to fit the unique requirements of your organization. Quickly review risk indicators such as arrests, bankruptcies, sanctions, redundant SSNs, synthetic identity, and more. Receive a score that immediately identifies if the subject carries too much risk.
Quickly identify any risks associated with a loan
See key information that indicates level of risk associated with a person or business involved in the loan. Save time by eliminating the need to dig through vast amounts of data by getting a high-level view of risks associated to your subject. For a deeper dive, Associate Analytics can alert you to any hidden risks associated with a subject’s network. These flags provide an additional layer of protection against identity fraud and allow your organization to know when further due diligence investigation is needed.
CLEAR offers immediate decisions for commercial lending
Only Thomson Reuters offers a suite of robust investigative tools that deliver relevant, vetted, and up-to-date information—information others can miss—about individuals, businesses, and their connections. With our suite of investigative solutions (CLEAR, CLEAR ID Confirm and CLEAR Risk Inform) you can be sure you are verifying a borrower’s identity and protecting against different fraud schemes such as false business information, fake companies, or inflated businesses. Use one tool or all 3 together for deep-dive investigations to get the trusted answers you need quickly and efficiently.
You can find all the information you are looking for in one Thomson Reuters report.
Use powerful data points to get work done faster with access to credit header information available from all 3 credit agencies, real-time arrest records, vehicle registrations, and phone numbers.
Always be confident the data you’re referencing is credible and reliable. Only CLEAR allows you to see where the data came from, when it was supplied, and who supplied it.
Identify business history and if it’s operating under a DBA or fictitious business name, sales revenue, sales volume, and other critical information.
There are thousands of courts that have felony and misdemeanor records not accessible online. Court Express delivers those documents to you, helping you cover all aspects of an investigation.
Conduct high-volume searches of current and historical public records at once with on-demand, fixed-rate options.
Save time and perform searches within your own internal user interface so you can work more efficiently in a familiar environment.
Thomson Reuters is not a consumer reporting agency and none of its services or the data contained therein constitute a ‘consumer report’ as such term is defined in the Federal Fair Credit Reporting Act (FCRA), 15 U.S.C. sec. 1681 et seq. The data provided to you may not be used as a factor in consumer debt collection decisioning, establishing a consumer’s eligibility for credit, insurance, employment, government benefits, or housing, or for any other purpose authorized under the FCRA. By accessing one of our services, you agree not to use the service or data for any purpose authorized under the FCRA or in relation to taking an adverse action relating to a consumer application.