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Detecting and stopping fraud is one of the greatest opportunities for credit grantors to improve the performance of their portfolio. After much development DRN has launched its FraudLink module. FraudLink details and captures all information in relation to a credit application and has been designed to assist Lenders in determining fraudulent files at many different areas of the mortgage cycle. Through the FraudLink module Lenders will now be able to measure how many fraud files are for-shelter or not for-shelter and what the subsequent impact is to their portfolio.
FraudLink provides each Lender’s departments with the ability to view and compare information resulting in a Push/Pull functionality to load adjudication systems with fraudulent details.
In keeping with the other DRN Commerce modules FraudLink is flexible to load files in differing formats according to the Lender’s system and provides detailed delinquency statistics on a daily basis.
Designed with the secured lender in mind – designed to connect risk management and recovery department.
© 2008 DRN Commerce Inc.