Property finance Fintech LendInvest has integrated with SIRA, a national fraud prevention and detection database using a service from Synectics Solutions. The move is designed to speed up retrieval of fraud insights for mortgage applications. LendInvest says it has also integrated with SIRA’s API to automate the fraud detection stage of the mortgage application process.
The company states that the traditional process is to manually populate search forms by inputting data. The time-consuming process obviously delays the entire process. This integration has allowed the LendInvest team to migrate to a new Enterprise SIRA solution, and integrate the SIRA API with LendInvest’s BTL application service.
Arman Tahmassebi, Chief Operating Officer at LendInvest, said they are consistently working on new integrations to streamline their application and case management process to deliver an efficient, and secure experience for both borrowers and investors.
“The case managers can now run a SIRA search by the click of a button, and the integration has completely eliminated the manual steps required to do so. By receiving the results in real time, the time required to package a case has reduced, resulting in crucial time savings for a borrower when looking to move fast for their next project.”