Interthinx(R) Offers Comprehensive Criminal and Civil Background Checks for Vital Fraud Prevention and Compliance
Market Wire, August, 2007
Interthinx®, Inc., the leading provider of proven risk mitigation, mortgage fraud prevention and regulatory compliance tools for the mortgage industry, is now offering comprehensive batch processing of criminal records, civil records and bankruptcy/liens/judgment records, allowing lenders to make better informed decisions about today's business partners. The extensive coverage provides the financial services industry essential background information on brokers and appraisers when complying with investor "entity review" policies. Interthinx provides same day results in 46 states.
Kevin Coop, president of Interthinx, noted, "It's crucial that lenders seek vendors that offer extensive search coverage when completing background searches on potential business partners because fraudsters can be quite mobile. A full-court press against mortgage fraud requires checking the status of all third parties and their derogatory information from all states initially and continually."
Connie Wilson, executive vice president of Interthinx, added, "We're seeing more and more convicted criminals leave prison and choose mortgage fraud as their next con. Why not? It's not nearly as dangerous as drug trafficking or a myriad of other crimes, and profits are potentially enormous. A complete background check for criminal convictions, civil actions and issues relating to financial stability is a simple batch process (for large broker databases) through our systems for significant and far reaching risk mitigation."
About Interthinx
Interthinx, Inc., an ISO business, is the nation's leading provider of proven risk mitigation and regulatory compliance tools for the financial services industry. Used at every point in the mortgage lifecycle to prevent mortgage fraud, compliance violations and to assess risk, Interthinx is relied upon by more than 1,400 customers, including 15 of the top 20 mortgage lenders and three of the top five largest financial institutions. With technology that earned Mortgage Technology Magazine's prestigious 10X Award as "a diagnostic and corrective solution of the highest order," Interthinx expertise in predictive analytics, data mining, and risk scoring sets the standard for the industry and directly increases the value of client portfolios. For more information, visit www.interthinx.com or call (800) 333-4510.
About ISO
ISO is a leading provider of products and services that help measure, manage and reduce risk. ISO provides data, analytics and decision-support solutions to professionals in many fields, including insurance, finance, real estate, health services, government, and human resources. Clients use ISO's databases and services to classify and evaluate a variety of risks and detect potential fraud. In the U.S. and around the world, ISO services help customers protect people, property, and financial assets. For more information, please visit www.iso.com .
Contact: Michael DiVirgilio (213)-286-6560 ext. 328
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