Lender Partners with I.D. Verification Firm

By Staff Writer November 14, 2024

MC2 Finance, a provider of commercial transportation financing solutions, announced on Nov. 12 its new partnership with FlexPath DXP, a pioneer in digital identity verification and credit prequalification technologies. Through this partnership, MCwill utilize FlexPath’s patent-pending VeriQual solution to streamline credit prequalification and identity verification processes, enhancing security and efficiency for both MCand its network of dealer partners.

Lenders and dealers are losing millions due to identity fraud. VeriQual’s advanced Fintech capabilities provide instant, secure credit prequalification by integrating sophisticated identity verification with just a phone number. This feature not only simplifies the customer journey but gives MCand its dealers real-time access to verified leads, drastically reducing the risk of identity fraud and significantly enhancing credit prequalification.

“Partnering with FlexPath allows us to continue innovating in a highly competitive commercial transportation market,” said Katie Baker, President of MC2. “VeriQual provides the security and efficiency our lenders and dealers need to serve their customers better, increasing both conversion rates and customer satisfaction by verifying leads right at the start of the process.”

FlexPath’s VeriQual solution aligns perfectly with MC2’s commitment to streamlined, secure financing. By combining these technologies, the partnership allows for a more reliable and rapid customer credit prequalification process, reducing the workload on dealer staff and enabling lenders to make faster decisions.

“We’re thrilled to partner with MC2,” said FlexPath’s CEO, Tarry Shebesta. “With VeriQual, MC2’s network of dealers can benefit from identity-verified leads and a smoother prequalification process, which not only reduces risk but fosters higher-quality interactions and faster approvals.”

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Last modified on Friday, 15 November 2024 12:31