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 Zahid.Kassem@gmail.com Mobile(USA):1+469-226-3421