Actual-Z™ and PayChecker™ are two of Moving Iron Systems core tools to help financing originators – both dealers and lenders – to ensure they are putting fully compliant contracts on their books, without adding substantial time or cost.
Actual-Z™ is a digital calculator that enables lenders to properly setup the first payment date for the contract, and ensure the APR, Finance charge, and all other TILA terms with limited tolerance are fully compliant before you present the contract to the customer.
PayChecker™ facilitates a smooth verification process by enabling docs analysts and F&I managers to quickly spot pay statements with issues, enabling advanced investigation and escalation to mitigate the risks of fraud or non-qualifying deals from being funded.