Virtual F&I uses a multi-layered fraud prevention system that includes advanced biometric verification, real-time identity checks, and continuous monitoring. These technologies ensure that every borrower is who they say they are, significantly reducing the risk of fraudulent activity. Additionally, every transaction is monitored in real-time, allowing us to detect and prevent suspicious activity before it impacts your institution.
Our compliance solutions are fully automated, meaning that every transaction is checked against current federal and state regulations without any manual effort on your part. Our in-house legal team ensures that our platform stays up-to-date with regulatory changes, so your institution remains fully compliant at all times. We also provide real-time reporting, allowing you to see the status of compliance for every deal.
Virtual F&I takes full responsibility for lien perfection, ensuring that it is completed accurately and on time for all transactions. We employ a meticulous tracking system that monitors every step of the lien perfection process, and we deactivate dealers who fail to meet our strict standards. This guarantees that your financial institution is always protected, even when working with independent dealers.
Yes, independent dealers can be trusted when working with Virtual F&I. Our platform ensures that all independent dealers meet our strict standards for performance and compliance. In addition, we continuously monitor their activities and financial health to ensure that they remain reliable partners. Dealers that do not meet our standards are deactivated, providing you with the same level of trust and confidence as you would expect from franchise dealers.
You can start using Virtual F&I within a few days. Once we gather the necessary information about your institution and lending criteria, we’ll provide you with a demo and set up your account. Our platform is designed for quick onboarding, so you can begin streamlining your lending process and securing deals almost immediately.
Virtual F&I is ideal for banks, credit unions, and other financial institutions that want to expand their auto lending portfolios. Whether you're working with franchise or independent dealers, our platform helps you reduce fraud, stay compliant, and close more deals efficiently. We provide tailored solutions that fit your institution's unique needs, making Virtual F&I a versatile choice for any lender looking to grow.
