Ken Luna is the VP of Strategic Partnerships at CreditMiner, LLC and joins the podcast to discuss how dealers can handle and overcome synthetic fraud from their F&I departments.
What we discuss in this episode:
Ken explains what synthetic fraud is, and why it's important for dealers to understand so that they can spot it and overcome it.
Why pre-screening alone doesn't solve all problems from discovering fraud.
There's a reason why CreditMiner includes a synthetic fraud score and that it should be included during a pre-screen so that dealers know who they are dealing with.
Ken shares that the industry has over 1 billion in losses due to fraudulent finance and insurance information — sooner or later, the industry needs to pay closer attention to it.
It's like a tooth ache and not wanting to go to the dentist.
Listen to the full episode for even more insights!
Connect with Becky Chernek:
LinkedIn - https://www.linkedin.com/in/beckychernek/
Facebook - https://www.facebook.com/rebecca.chernek.1/
F&I Today with Becky Chernek - https://www.facebook.com/groups/260984864044461
Website - https://www.ccilearningcenter.com
