Aryza Lending Solutions, part of the Aryza Group has become the latest organisation member to join the Vulnerability Registration Service (VRS).
The membership means that Aryza Sentinel Loan Management system is now integrated with the Vulnerability Registration Service. As a result, lenders using the Sentinel Loan Management system to support their loan applications will be able to check against the database and be alerted if there is a vulnerability flag registered against a customer record during the loan origination process. This includes those that are at risk to fraud.
Paul O’Sullivan, Aryza Lending Division Chief Executive Officer, said “By integrating with the Vulnerability Registration Service, our lenders will now be able to better identify vulnerable customers and put in place the most appropriate steps in their underwriting process to deliver the best outcome for the customer. This provides an extra layer of protection to both lenders and consumers – enabling our lenders to meet their regulatory obligations regarding the fair treatment of vulnerable customers.”
Helen Lord, Director of The Vulnerability Registration Service said “We are very happy to welcome Aryza and for their support in helping lenders meet their regulatory requirements. We are seeing a big increase in the number of organisations joining our membership. This is great news, as the more organisations come together to share data and access our database, the more support vulnerable people will receive.”