Apiria Finance Leads with Robust Technological Advancements and Enhanced Fraud Prevention in Home Improvement Lending

Dallas, TX, August 15, 2024 --(PR.com)-- Apiria Finance, a leader in innovative financial solutions, is pioneering the transformation of home improvement lending with a dual focus on technological advancements and stringent fraud prevention measures. A recent report by Consumer Finance Insights highlights significant gaps in technology application across the home improvement lending sector, emphasizing the urgent need for modernization. Additionally, recent findings by the Federal Trade Commission (FTC) highlight the increasing threat of fraud in home improvement sectors such as HVAC, roofing, and solar. These scams often involve deceptive contractor practices, including false claims about licensing, exaggerated cost savings, and misleading financing terms. Apiria Finance is addressing these threats head-on by integrating robust fraud prevention measures into its Loan Origination System (LOS), ensuring that homeowners are protected from these common but harmful practices in the industry.

Addressing Industry-Wide Technological Gaps:
Recent insights from LeadSquared highlight that the home improvement lending sector has faced challenges due to outdated technology, resulting in inefficiencies that hinder service delivery and customer satisfaction. Apiria Finance’s updated Loan Origination System (LOS) addresses these challenges by automating and integrating processes from application through to approval. This approach ensures a smoother and more efficient lending experience, significantly reducing delays that have traditionally affected the industry. The system also features real-time loan decision capabilities, helping to streamline operations and improve overall customer experience.

Comprehensive Fraud Prevention:
Aligned with insights from industry-leading sources, our system includes enhanced measures to detect and prevent common scams such as upfront payment fraud, unlicensed contractor activities, and misleading project bids. Apiria Finance is dedicated to protecting homeowners from these fraudulent practices by embedding stronger security protocols into every transaction.

"Our commitment to setting a high standard in both innovation and security is at the core of our business," said Ryan Ondras, CEO of Apiria Finance. "We're not only responding to technological needs but also proactively combating fraud to protect our clients. Our advanced LOS and robust fraud prevention strategies illustrate our dual approach to transforming home improvement lending."

About Apiria Finance:
Apiria Finance is a leader in financial solutions for home improvement projects, offering innovative lending services that prioritize both efficiency and consumer protection. Through continuous technological enhancements and a commitment to fraud prevention, Apiria remains at the forefront of safeguarding and supporting homeowners.

For more information, please visit www.apiriafinance.com or contact us directly @ 214-631-9872.
Media Contact:
Kevin Riker
Media Manager
info@apiriafinance.com

Sources
https://www.ftc.gov/business-guidance/blog/2024/08/dont-waste-your-energy-solar-scam
https://consumer.ftc.gov/articles/how-avoid-home-improvement-scam
https://www.leadsquared.com/industries/lending/consumer-lending-trends/