Qualification

Q2 Origination enables you to collect several data points from a borrower during the application processing. You can collect this information from an online application via APIs or enter it manually. Using this information, you can evaluate the eligibility of the borrower and make an initial assessment of the application. Some of the ways of doing this include:

Online Identity Verification

Identity verification is a business process that confirms a person's identity. For example, a prospective client named Bill Smith may want to apply for a loan. Identity verification confirms Bill is who he says he is and that the information he provides is accurate. You can do an online verification of Bill's identity using details like his SSN or driving license. 

Instant Bank Verification

Third-party services help you instantly verify a borrower's credibility by checking the borrower's bank information. You can verify the borrower’s bank account in real-time, including multiple identity verification, allowing lenders to immediately and automatically assess the risk and bank account status of an applicant.