Business Services Industry
Kroll Factual Data Announces Expansion of its Risk Detection Products
Business Wire, Oct 2, 2006
LOVELAND, Colo. -- Kroll Factual Data, a subsidiary of Kroll Inc. and a leading provider of customized mortgage services, today announced an expansion of its suite of risk detection tools, including the recent release of its collateral risk solution, CollateralFacts(SM), which evaluates property flipping, over-valuated appraisals, and ownership and title issues.
Related Results
Expanding on its successful TruAlert USA Patriot Act compliance solutions, Kroll Factual Data has appointed a dedicated development team comprised of product designers, architects, analytical experts, process specialists and sales managers with experience in risk mitigation. The team is developing a suite of services that analyze the loan application and fulfillment process for detection of potential fraud perpetrated by the applicant or by additional participants active in the loan process. The tools will also identify potential fraud as a result of collateral misrepresentation. Clients will be able to order each product in this suite as a stand-alone service or as a complete package.
"CollateralFacts(SM) is the first component in our full suite of customizable risk mitigation products that aim to assist clients in the evaluation and management of their lending risks," said James Donnan, president of Kroll Factual Data. "Financial institutions will find that these tools are an excellent addition to Kroll's investigative and compliance and integrity services."
About Kroll Factual Data
Kroll Factual Data provides a wide range of customized information services to businesses across the United States that assist them in making crucial decisions, such as determining whether to make a mortgage or other loan, offer employment, accept new tenants, or enter into a business relationship. Kroll Factual Data is an industry leader in delivering its service offerings over the Internet and in utilizing technology and customer service to provide its services with the speed, reliability, accuracy and customization that industry participants increasingly demand. Founded in 1985, Kroll Factual Data is a subsidiary of Kroll Inc., the world's leading risk consulting company. For more information, visit www.krollfactualdata.com.
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