Underwriting Automation
byMiddesk
Middesk is a business identity platform that helps companies verify and underwrite their customers, automate Know Your Business (KYB) processes, register for payroll taxes, and ensure compliance. By integrating Middesk into workflows, organizations can streamline the KYB process, ensuring compliance with regulations and reducing fraud risks. It provides access to up-to-date verification data via API or app integration, making it easier to onboard and verify businesses with minimal manual effort.
Features
- Business entity verification: Legal name, DBA, entity type, formation date, address validation, and good standing across all 50 states.
- Financial health assessment: Identifies UCC liens, judgments, bankruptcies, and tax liens; AI agents investigate findings and interpret risks.
- Ownership and control mapping: Officer and director information and ownership structure mapping to identify signatory authority.
- Business relationships analysis: Corporate structures mapped to identify relevant secured parties and guarantors.
- UCC management: File, amend, and terminate UCCs; ensure liens are accurate and filed with identity data and search to reflect verification.
- Monitoring: Real-time updates on bankruptcies, dissolutions, UCCs, and other relevant signals.
- Compliance screening: OFAC, sanctions, PEP, adverse media, and license checks.
- Web and online presence analysis: Website discovery, online footprint and sentiment analysis, and digital signals.
- Industry classification: NAICS/SIC codes, business description enrichment, and high-risk industry flags.
- Document verification: Secretary of State filings, formation documents, and real-time IRS EIN validation with TIN matching.