Up to this point, validating income has been self-reported through uploaded W2 forms and paystubs, opening up this process to the risk of human-error. For this roundtable, we will address the pitfalls of relying on self-reported information and the issues that can arise, such as fraud and identity theft. We will also explore how consumer access to their financial information eliminates manual mistakes. What we would love to hear from roundtable participants:
• What role does data play in your income verification processes and how are you thinking about further data and digitization?
• How are you thinking about dynamic implementations to account for various back-end tools, specifically in income?
• Where are you seeing the most drop-off in terms of income verification, particularly for the next wave of borrowers?
• How are you currently thinking about income reporting and what methods do you employ to decrease time to close?
• What human-reporting errors do you see most often? How is your organization w
18-09-2018 07:30 - 08:15
Hosted by: Kate AdamsonMessages will be visible for table members and will NOT be shared on Facebook.