CALABASAS, Calif.-- (Feb. 21, 2006) Interthinx(TM), a leading provider of comprehensive fraud prevention and decision support tools for the mortgage industry, has successfully integrated its fraud prevention systems with VueCentric's loan origination system, MortgageDashboard. This partnership enables VueCentric to offer customers a seamless integration with Interthinx for automatic screening for potential fraudulent activity. Western Thrift and Loan was recently introduced to VueCentric's expanded loan origination system.
"The added capabilities MortgageDashboard has with the Interthinx solutions enables us to confidently check and close loans without potential fraud becoming an issue," said Michelle Spaan, manager of regulation and compliance for Western Thrift and Loan. "We catch and prevent fraudulent activity before it has the opportunity to affect our back office, saving significant costs and manpower."
VueCentric integrated Interthinx's DISSCO (data integrity search and score system) product, an industry-leading electronic fraud prevention tool that is designed to reduce the risk associated with mortgage lending due to fraud. DISSCO can instantly search hundreds of mortgage-related data fields in a loan record to identify and score any misinformation, inaccuracies and inconsistencies that could indicate fraud.
Additionally, the interface includes Interthinx' PredProtect(SM), an anti-predatory solution that scores loan data elements against all predatory lending laws currently in effect and provides accurate and detailed results within seconds, and HCL(SM), a web-based tool that scores loans in real time for federal, state and local conditions to identify high cost.
"Mortgage fraud impacts the industry at large, and Interthinx is committed to partnering with companies like VueCentric who share the common goal of fighting fraud at origination," said Kevin Coop, president of Interthinx. "Interthinx offers proven solutions that prevent and detect fraud supported with proactive education and training to help mortgage professionals identify fraudulent activity before it does any damage to a company."
"Vendors have realized that to provide a robust loan origination system, we must integrate a component that helps our customers easily detect and prevent fraudulent activity," said Jorge Sauri, president of VueCentric. "To provide the most efficient solution and strengthen our offering, we selected Interthinx so that our customers have streamlined fraud detection with a 'single click' within their LOS."
MortgageDashboard enables the processing of paperless mortgages for lenders, credit unions and banks. It provides loan product optimization, loan application processing, all state-specific forms and disclosures, automated underwriting and closing documents. In addition to conventional loans, the platform supports subprime automated underwriting as a Web service.
Interthinx is the nation's leading provider of automated fraud protection and decision support tools for the mortgage industry. Used by 15 of the top 20 lenders, Interthinx combines its National Fraud Protection Database (NFPD) along with advanced technology and data collection to offer the most comprehensive fraud detection system available. Interthinx helps to bridge the gaps left by traditional manual fraud detection by enabling the increase of front-end efficiencies while improving quality control and profitability. Its multi-faceted approach to risk management includes innovative training programs designed for greater retention and immediate results. More than 1100 customers rely on Interthinx for automated scientifically-based solutions, historical analysis and consistent data collection. For more information, visit www.interthinx.com or call 800-333-4510.