In banking, the phrase “missing documents” refers to documents that a bank should have in its files but does not.
Mobile banking involves the use of a smartphone, tablet, or another mobile device to view account information and transactions, transfer funds, pay bills, deposit checks, and perform related banking activities.
Money order fraud happens when a fraudster purchases a money order for a dollar then changes the amount in figure to a higher amount.
Mortgage quality control involves preparing the correct documents, obtaining signatures from the right people, providing the proper disclosures at the appropriate time, and maintaining accurate documentation.
With multi-factor authentication (MFA), an application’s users are required to provide more than one method of verification prior to use.
The phrase “multiple guarantors” is used by financial institutions when describing a loan that is guaranteed by more than one entity. A guarantor could be an individual, LLC, corporation, or another type of entity.