POWAY, Calif. – First Advantage Credco, a specialized credit reports provider for the marine and recreational vehicle industries, has integrated its credit information solutions with SeaFunds, a loan origination system for lenders and servicers in the recreational lending industry, First Advantage Credco said in a press release yesterday. Under the new agreement, First Advantage Credco will deliver credit reports, identity verification tools and compliance solutions through the SeaFunds lending platform.
For businesses that rely on lenders and servicers to pull consumer credit information, the integration will give SeaFunds users improved access to credit reports. Users will also gain access to compliance tools to help them comply with regulations for Office of Foreign Assets Control screening and the new Red Flags Rule.
“Our integration with First Advantage Credco further expands SeaFunds’ features and functionality, enabling our customers to make sound credit decisions,” said Lee Thomas, SeaFunds president. “Servicers using SeaFunds now have access to the tools they need to help maintain federal compliance requirements, and to help protect them from identity theft and fraud-related losses.”
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