| |
home
blog
archives
search
RSS feed
FraudBlogger index
mortgage news
mortgage statistics
mortgage newsletter
mortgage news rss feed
mortgage fraud news
mortgage fraud statistics
mortgage lawsuits, judgements, settlements & class actions
predatory lending news
advertise
mortgage news for PDAs, Blackberrys, mobile phones and handheld devices
contact us
|
| |
PRESS RELEASE
New Collateral Risk Solution
Kroll Factual Data Announces Expansion of its Risk Detection Products
|
| |
LOVELAND, Colo. -- (Oct. 2, 2006) 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.
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."
SOURCE: Kroll Factual Data
|
|

Blogger
Paula Parisot
e-mail Paula
mortgage fraud statistics
mortgage fraud white paper
The Mortgage Graveyard
Mortgage Compliance & Litigation Newsletter
Free newsletter sponsored by the law firm of Weiner Brodsky Sidman Kider PC. Includes articles about mortgage industry compliance, legal issues and litigation.
download newsletter for free
News By: MortgageDaily.com
|