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LendInvest launches SIRA integration to automate fraud detection for BTL applications




LendInvest has launched its latest integration with SIRA, the national fraud prevention and detection database, to speed up fraud detection insights for its BTL mortgage applications.

The lender has enhanced its borrower platform by integrating with SIRA’s API to automate the fraud detection stage of the application process.

The traditional process required manual input from a case manager to populate search forms within the SIRA portal by individually adding data from the BTL broker platform.

The new integration will automate internal case manager workflow, and submit real-time search applications, leading to time savings of over a day per application.

Arman Tahmassebi, chief operating officer at LendInvest (pictured above), said: “The team is consistently working on new integrations to streamline our application and case management process to deliver the most efficient and secure experience for both our borrowers and investors. 
 
“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.”

Richard Wood, CEO at Synectics Solutions, commented: “I’m delighted that LendInvest has been able to transform their approach to fraud prevention through their improved use of our SIRA platform. 

“LendInvest has been a SIRA client for over six years and it’s great to see them now taking advantage of our real-time data processing and case management tools to improve their operational efficiency, while also increasing their fraud analysis capabilities."

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