OFAC Compliance Isn’t Optional — Especially for Subprime Lenders

As a subprime lender, you’re already navigating a complex regulatory environment, serving high-risk borrowers, and managing tight operational margins. But there’s one compliance requirement you absolutely can’t overlook: OFAC screening.

The Office of Foreign Assets Control (OFAC), a division of the U.S. Department of the Treasury, enforces economic and trade sanctions against individuals and entities deemed a threat to national security. Every U.S. lender — including subprime and installment loan providers — must screen their customers against OFAC’s Specially Designated Nationals (SDN) List and other restricted party lists.

What’s at Stake?

Non-compliance can cost lenders millions in fines, trigger audits, and damage hard-earned reputations. Even unknowingly approving a loan to a blocked individual can result in:

• Hefty civil penalties
• Regulatory enforcement
• Public loss of trust
• License jeopardy

With enforcement growing more aggressive, the need for a reliable and automated OFAC screening process is more urgent than ever.

🔄 Seamless OFAC Integration Built into Your Loan Management Software

That’s why the Omega Loan Management Software comes fully integrated with automated real-time OFAC screening. We built this functionality directly into our core system to help you:

✅ Instantly screen all applicants and co-signers

✅ Flag any matches against the SDN or other watchlists

✅ Avoid manual entry or third-party software

✅ Maintain a full audit trail for regulators

OFAC compliance becomes a background process, not a bottleneck.

🛡️ Protect Your Business, Customers, and Compliance

Whether you’re originating installment personal loans, or auto loans, every borrower is automatically screened before funds are disbursed. You’ll reduce risk exposure while keeping your business aligned with federal regulations — and you’ll have the documentation to prove it.

🔍 What Makes Our OFAC Integration Different?

Unlike basic batch checking tools, Omega:

• Performs real-time checks at origination and servicing
• Supports ongoing monitoring for existing accounts
• Keeps your team alerted to updates on flagged accounts
• Is continuously updated with the latest OFAC data feeds

🧠 Built for Subprime Installment Lenders

We understand the unique challenges of the subprime lending space — and we built our system with that in mind. OFAC integration is just one part of a robust compliance framework that helps you grow responsibly while avoiding avoidable risk.

Request a FREE Omega Demo Today