PRESS RELEASE


Loan Origination System Incorporates Interthinx

Fraud Prevention System Added to LOS

Agoura Hills, Calif.- (May 28, 2009) Interthinx, a leading provider of proven risk mitigation, fraud detection, and regulatory compliance tools for the residential mortgage industry, has successfully integrated its fraud prevention system with MortgageDashboard’s loan origination system, MortgageDashboard. The integration enables MortgageDashboard to offer customers a seamless interface with automatic and proven screening for potential fraudulent activity. BenchMark Mortgage was recently introduced to MortgageDashboard’s expanded loan origination system.

“As a result of the Interthinx integration, the added capabilities of MortgageDashboard enables us to confidently check and close loans without potential fraud becoming an issue,” said Bryan Harlan, CEO of BenchMark Mortgage. “We can catch and prevent fraudulent activity before it has the opportunity to affect our back office, saving significant costs and manpower.” MortgageDashboard integrated Interthinx’s FraudGUARD product, a proven fraud detection tool that measures and scores fraud risk against public, private and proprietary data sources. With millions of mortgage applications running through Interthinx systems, FraudGUARD reports can provide shared data and findings not available anywhere else in the marketplace.

“Mortgage fraud continues to impact the industry in insidious and highly destructive ways, and Interthinx is committed to aligning with companies like MortgageDashboard that share the common goal of fighting fraud at origination,” said Kevin Coop, president of Interthinx. “Interthinx offers proven solutions that help prevent and detect fraud, supported with proactive education and training to help mortgage professionals identify fraudulent activity before it does damage to a company.”

“To provide a robust loan origination system, vendors have realized that we must integrate components that help our customers easily detect and prevent fraudulent activity and risk,” said Jorge Sauri, president of MortgageDashboard. “To offer the most efficient solution, we selected Interthinx to give our customers streamlined fraud detection via a single click within MortgageDashboard.”

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.

SOURCE: Interthinx