PRESS RELEASE


Strongest Fraud Prevention System Touted

Enhanced DRIVE System

CHESTERFIELD, Mo. -- (Oct. 19) -- DataVerify (http://www.dataverify.com) has announced several enhancements to its DRIVE(TM) system, the most powerful fraud prevention platform in the mortgage industry. During the first nine months of 2006, Undisclosed Properties, Income/Employment, Occupancy and Falsified Rent and Mortgage Verifications have emerged as the dominant fraud schemes comprising over 85% of primary fraud causes. DRIVE, the most proficient fraud identification platform, has been upgraded to include eight new report enhancements designed specifically against these emerging fraud schemes including income verification with salary information from PayScale. Also, during the last 30 days, DataVerify released its best-in-class Broker License Verification Database, a new foreclosure prediction model and added two new AVMs to its native AVM cascade, which are all included in DRIVE platform.

"The recent addition of over ten new fraud identification reports, sourced from the best in class historical databases, demonstrates DataVerify's ongoing ability to deliver superior advanced technology solutions that provide clients with the broadest and deepest fraud protection available," said Steve Halper, CEO. "New and innovative fraud schemes are driving repurchase activity and credit losses to record levels forcing many mortgage lenders out of the business. Outperforming other fraud systems by margins of 20% to 30% or more, DRIVE empowers clients to lend aggressively, even in high risk products and markets, while reducing fraud and credit risk by substantial margins."

Over seventy percent of DataVerify's clients have converted from other fraud systems. We encourage all current users of alternative fraud systems and those considering the use of fraud detection tools to discover what these satisfied customers have learned by testing these systems against the DRIVE platform. Mr. Halper will be giving a presentation at the MBA's 93rd Annual Convention in Chicago entitled, "The Impact of Fraud On Your Mortgage Operation," in which he will present the most effective test plan scenarios.

SOURCE DataVerify Corporation