• Ken Luna: How To Overcome Synthetic Fraud

  • Feb 3 2022
  • Length: 42 mins
  • Podcast

Ken Luna: How To Overcome Synthetic Fraud

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  • Summary

  • Ken Luna is the VP of Strategic Partnerships at CreditMiner, LLC and joins the podcast to discuss how dealers can handle and overcome synthetic fraud from their F&I departments.

    What we discuss in this episode:

    • Ken explains what synthetic fraud is, and why it's important for dealers to understand so that they can spot it and overcome it.

    • Why pre-screening alone doesn't solve all problems from discovering fraud.

    • There's a reason why CreditMiner includes a synthetic fraud score and that it should be included during a pre-screen so that dealers know who they are dealing with.

    • Ken shares that the industry has over 1 billion in losses due to fraudulent finance and insurance information — sooner or later, the industry needs to pay closer attention to it.

    • It's like a tooth ache and not wanting to go to the dentist.

    • Listen to the full episode for even more insights!

    Connect with Becky Chernek:

    • LinkedIn - https://www.linkedin.com/in/beckychernek/

    • Facebook - https://www.facebook.com/rebecca.chernek.1/

    • F&I Today with Becky Chernek - https://www.facebook.com/groups/260984864044461

    • Website - https://www.ccilearningcenter.com
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