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DealerFraud
ImpactOnLender’sOperations
FraudDrivers
• Customers
• Dealers
• Lenders
Customer/ConsumerInitiated
IdentityTheft(TrueNameFraud)
ü CreditWashing
ü CreditBustOuts
IdentityTheft(SyntheticFraud)
ü SecondChanceCredit
ü NewlyImmigrantPopulation
ü FraudRings
Tools&Technology
KnowYourCustomerSolutions
SSA-89Form
BureauAttributes–HomeGrownModels
FraudConsortiums
ComplexFraudModels
LawEnforcement
Dealer/CustomerInitiated
StrawPurchase
ü Familyvs.Non-Family
ü HighpropensityforUnwinds/Repurchase
ü ConfessioninCollections
IncomeMisRep
ü ISO/1099Customer
ü AllSourcesofIncomevs.Paycheck
ü DiscontinueDoingBusinessw/DealersPerpetratingIncomeMisRep
ElderAbuse
ü CustomerNotPresent
ü Care-Taker/FamilyMember
ü HeavilyScrutinizedbyStateRegulators
DealerInitiated
CollateralMisRep
ü ImproveTerms
ü ConsumerProtection/DealerAbuse
ü Repurchase/Unwinds
AncillaryProducts
ü ProductVariations
ü CustomerHarm/EnforcementActions
ü RegulationsDifferentbyState
IncomeMisRep
ü ForgedPaycheckStubs
ü AllSourcesofIncomevs.Paycheck
ü DiscontinueDoingBusinessw/DealersPerpetratingIncomeMisRep
ConsumerDriven–DealerImpact
PaymentFraud
ü UnauthorizedPayments
ü InstrumentUsedToClearLien
ü DelaytheInevitable
ü BendingStateLaws
ü ExtortingLenders/FalsifyingRepairs
ImpoundFraud
ü GrowingProblemAcrosstheIndustry
TitleFraud
ü CrossStateActivity
ü WashingTitles/FamilyMembers
ü LawEnforcementEngagementtoIdentify
ü InnocentConsumersVictimizedbyCrime
Moreinformation?ZahidKassem
IndependentConsultant FraudAdvisor–AutoFinancing [email protected] Mobile(USA):1+469-226-3421
