People commit first-party fraud when they get loans from lenders using false information and then don't plan to pay them back. Lenders face substantial financial risks due to this form of fraud, which damages the credibility of lending. Fortunately, there are several ways to protect
Before the COVID-19 pandemic, healthcare business owners, human resources and hiring managers competed heavily to procure top talent. In 2024, high turnover and hiring challenges have hit the industry harder than ever. Many healthcare workers have transitioned to other careers or retirement because of burnout
If you're a financial institution thinking about approving a loan for a business, you need to do your due diligence before pulling the proverbial trigger. Thanks to modern-day technology and internet access, doing so is relatively easy. But you have to know where to look.
From rapid technological advancements to substantial labor shortages, the hospitality industry has been changing considerably in recent years. Whether you manage a hotel or run a restaurant, keeping your customers safe and satisfied is crucial to your ongoing success. To that end, background verification is
The current economy is one where consumers have it easier than ever when they want to research new products and services, and consequently, they're more likely to jump between them. That makes mortgage customer retention more crucial than ever before. For every customer your lending
In today's digital age, the role of information technology (IT) professionals is indispensable across organizations of all sizes. Tasked with the maintenance and safeguarding of computer systems, software applications, and cloud-based platforms, these experts serve as the backbone of modern businesses, ensuring seamless operations even
Following the release of the Q1 2024 Mortgage Trends, much information vital to lenders has been revealed. Although the forecast itself has been described as less than favorable, it's not all bad news. Here are a few positive takeaways and facts that can be gleaned
One of the most important things that any organization can do is ensure that those who are working there have accurately presented themselves - i.e. they are who they say they are. This can be done through information gathering and identity verification. What is the
Tax returns do more than provide a paper trail for individuals and businesses to prove to states and the federal government that they met their financial obligations. A request for verified IRS tax return transcripts is one of the best ways for lenders (i.e., banks,
When you’re hiring caregivers, it’s important to pick reliable people who will treat patients fairly and not put their safety at risk. The right background check helps you be confident that you’re getting the best employees. Are Caregiver Background Checks Required? There are no federal laws requiring