With IWVPro.com, a Lender gains real-time earnings transparency. Lenders gain a real-time “look” into wages and income earned by a potential borrower before it is deposited into a bank account as part of their employer’s normal payout process. This enables a Lender to anticipate potential cash-flow issues, make adjustments early, and develop transparency and trust with borrowers when issues arise.
Examples of data we make available to Lenders & Collectors:
- How many hours your applicant/borrower earned this a.m.
- Who your client works for: Walmart, Amazon, Target, UPS, Pizza Hut… 22,000 employers, and growing weekly.
- How much wages $$ your client earned today, yesterday, this week, last week, last month, last 6 months…
- Does your client use their car for work? You’ll know year & make, number of miles, number of hours worked, license plate, mileage, earnings…
- Does your client work for more than one employer? Walmart & Uber? Lift, Amazon and UberEats? Postmates, US Postal Service…?
IWVPro.com provides cash-on-hand transparency. Using our platform, a Lender – or a Collector for that matter – can “see” cash on hand instead of just “seeing” traditional employee bulk wages/earnings payouts. This gives a Lender/Collector early knowledge of funds that will be deposited into a borrower’s bank account BEFORE your Instant Bank Account [IBV] provider can report earnings. You’ll know if your client has had their hours recently cut back, if they’ve been laid-off, changed employers, changed cars,,, in real-time! Imagine the POWER of having this income visibility on your own branded website, APP… Your client remains within your channel!
IBVPro places the LENDER and/or the COLLECTOR at the front of the wages earned reporting platform ahead of the Bank.
IBVPro.com, IN COMBINATION with an IBV provider = IBV on STEROIDS!
IWVPro places the LENDER and/or the COLLECTOR at the front of the wages earned reporting platform.
PS: It just so happens that we collaborate with the very best IBV provider in the industry. 100% fully integrated! A powerful combination for both lenders & Collectors. Get IWVPro + IBV in one integrated platform.
For a Lender/Collector/Employer to survive in the DIGITAL RESET that is occurring TODAY in “the business of lending to the masses,” you must collaborate with disparate Teams and join forces. The pressure to reduce borrower fee schedules, combined with high capital costs, legal costs, implementation of smartphone $$ delivery systems, fraud, payment processing vendors… well, you certainly know how long this list is!