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PRESS RELEASE
Fraud Training Video, Online Test
Success of FSISM: Fraud
Scheme Investigation video leads to learning measurement
tool
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AGOURA
HILLS, Calif.-- (Oct. 23, 2006) -- InterthinxTM,
(www.interthinx.com)
the leading provider of comprehensive fraud prevention,
compliance and decision support tools for the mortgage industry
and an ISO business, is proud to announce its online FSISM:
Fraud Scheme Investigator Exam Program in concert with
the success of its FSISM: Fraud Scheme Investigation
training video. The FSI video is a unique mortgage fraud
detection training tool, produced by Interthinx, and reflects
the style and parody of a popular primetime television series
to demonstrate the characteristics and “red flags” of a
complicated property flipping scheme. FSI was inspired by
actual events and is free to the mortgage industry.
Interthinx™, with the invaluable contributions of knowledge
and talent brought to the project by a host of leading mortgage
professionals, succeeded in creating an effectual training
video to help the industry stem the tide of mortgage fraud.
Federal Bureau of Investigation spokesman Steve Kodak confirmed
with MortgageDaily.com that an upcoming report will show
mortgage fraud losses totaled $1 billion in 2005. The total
is more that double the total losses for all of 2004.
“The free online FSI Exam Program will provide
a means to measure learning achieved by watching the FSI
film and fraud detection training chapters,” said Kevin
Coop, president of Interthinx. “With over 1,000 FSI DVD
orders to date, the Interthinx training department is excited
and able to help mortgage banking employees test their learning
retention on the topic of mortgage fraud prevention, 24/7
and from anywhere Internet access is available.”
“This training initiative is ultimately about facing the
insidious plague of mortgage fraud head on,” said Julie
Woodley, vice president of QC/Risk for Saxon Mortgage.
“Interthinx deserves special acknowledgment for having conceived
the FSI project and for seeing it to fruition with the utmost
quality and care. The Interthinx message is it takes the
right balance of training and technology along with a commitment
from the industry as a whole to create the best defense
against mortgage fraud. I hope all mortgage companies embrace
this free tool and training program to arm their front lines
with the information necessary to truly fend off the thieves.”
FSI can be ordered at www.FSIMovie.com where Fraud Scheme
Investigator Exam registration information is also
available.
SOURCE: Interthinx
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