IncomeAdvisor

Instantly and Accurately Assess Borrowers’ Claimed Income

IncomeAdvisor™ helps detect income fraud early in the origination process, with actionable alerts, and provides an income estimate with confidence levels. IncomeAdvisor uses advanced analytic models to instantly evaluate the reasonableness of a borrower’s claimed income for better decisioning and enhanced profitability.

IncomeAdvisor provides a real-time assessment of income reasonability at the individual borrower level. This helps dramatically reduce income fraud and enables more efficient income verification strategies, effectively filtering applications for further income investigation.

IncomeAdvisor enables lenders and issuers to:

  • Assess claimed income reasonableness – even on borrowers with thin and no credit histories
  • Evaluate claimed income using an income fraud score and a predicted monthly income amount
  • Instantly see deviations between borrower reported income and the monthly income estimate
  • Know specific areas for investigation and verification based on easy-to-use alerts
  • Customize risk and confidence thresholds
  • Approve more customers with real-time income assessment
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Powerful Features Help Fight Fraud and Streamline the Income Verification Process

IncomeAdvisor™ clients submit minimal application information for assessment. Using multiple complementary predictive analytical models built on the industry’s most robust database of tens of millions of loan records IncomeAdvisor provides clients with all of the following information:

  1. Overall income risk assessment (High, Medium or Low)
  2. Rank-ordered, empirically-derived score (1 – 999) that predicts the likelihood of income fraud (the higher the score the higher the risk of income fraud)
  3. Model-based alerts indicating further areas to investigate
  4. Model-generated estimate of monthly income
  5. Configurable options to adjust the income estimates
  6. Statistical income percentiles for borrower information in a similar geographic area from CoreLogic’s vast consortium database

With our unique data, patented fraud-scoring technology and real-time availability, lenders, issuers and auto dealers have the ability to quickly assess income and fraud risk, and extend their market reach to borrowers with less credit history. IncomeAdvisor also helps lenders and card issuers comply with recent federal mandates requiring lenders to validate borrowers’ ability to pay based on verifiable income and asset information.

When used with LoanSafe® Fraud Manager from CoreLogic and 4506-T Income Verification services from CoreLogic, lenders benefit from the full breadth of CoreLogic fraud and verification solutions.

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