Mitek ID Solutions Selected by Leading Digital Lender
May 24 2017 - 7:00AM
Mitek (NASDAQ:MITK) (www.miteksystems.com), a global leader
in mobile capture and identity verification software
solutions, today announced that one of the nation’s leading digital
mortgage lenders has selected Mitek’s Mobile Verify®, Mobile Fill®
and Mobile Docs™ solutions to help it streamline the online loan
origination process and improve the customer experience.
“Online consumer loans have increased more than 700 percent
since 2010 and are estimated to represent a $100 billion market
opportunity by 2020,” said James DeBello, Chairman and CEO, Mitek.
“To capture this valuable market, lenders need to embrace digital
technologies that speed the process and keep applicants in the
digital channel. With Mitek’s identity verification and mobile
capture solutions, lenders can finally deliver a fast and easy,
digital origination process.”
High operational costs are eroding margins for lenders. Mortgage
origination costs alone have increased 79 percent since 2009. To
compete in this new landscape and attract new applicants, lenders
will need to increasingly adopt digital technologies that increase
efficiencies, reduce expenses and meet consumers’ desire for
digital processes. Previously, applicants had to fax or scan hard
copies of their IDs and trailing documents such as W2s and bank
statements. With Mitek’s mobile capture and digital identity
verification solutions integrated into the loan process, consumers
will be able to use their smartphone to take photos of document to
pre-fill application forms, verify their identity and submit
supporting documentation.
About MitekMitek (NASDAQ: MITK) is a
global leader in mobile capture and identity verification software
solutions. Mitek’s ID document verification allows an enterprise to
verify a user’s identity during a mobile transaction, enabling
financial institutions, payments companies and other businesses
operating in highly regulated markets to transact business safely
while increasing revenue from the mobile channel. Mitek also
reduces the friction in the mobile users’ experience with advanced
data prefill. These innovative mobile solutions are embedded into
the apps of more than 5,600 organizations and used by tens of
millions of consumers for mobile check deposit, new account
opening, insurance quoting, and more. For more information,
visit www.miteksystems.com or www.miteksystems.co.uk.
(MITK-F)
Follow Mitek on LinkedIn:
https://www.linkedin.com/company/mitek-systems-inc-Follow Mitek on
Twitter: http://www.twitter.com/miteksystemsConnect with Mitek
on Facebook: http://www.facebook.com/MitekSystemsSee Mitek on
YouTube: http://www.youtube.com/miteksystemsRead Mitek’s
latest blog post: http://www.miteksystems.com/blog
Mitek Contact:
Ann Reichert
Senior Director of Marketing
pr@miteksystems.com
Katherine Verducci
MIX Public Relations
pr@mix-pr.com
Mitek Investor Contacts:
Todd Kehrli or Jim Byers
MKR Group, Inc.
mitk@mkr-group.com
Mitek Systems (NASDAQ:MITK)
Historical Stock Chart
From Aug 2024 to Sep 2024
Mitek Systems (NASDAQ:MITK)
Historical Stock Chart
From Sep 2023 to Sep 2024