home mortgage fraud newsletter full stories advertise mortgage industry newsletter RSS about us
HOT Topics Fraud Resources Fraud Prevention Mortgage Litigation News Appraisal News
twitter linkedin
facebook google+
Mortgage News

Search mortgage fraud news by keyword.

Mortgage Fraud News
News, analysis and statistics about mortgage fraud.

Local Mortgage Fraud
Stories about individual mortgage crime cases.

Mortgage Fraud Statistics
Statics by year about real estate fraud.

Mortgage Fraud Index
Quarterly index based on case activity.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage Fraud Feedget RSS code
The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.

Mortgage Fraud Archives
Archive of FraudBlogger.com entries going back to 2005.



Tool Automates Broker Validity Check

Tool Automates Broker Validity Check - Interthinx Automates Third Party Review

AGOURA HILLS, Calif. -- (July 19, 2007) -- Interthinx Inc., the leading provider of proven risk mitigation, mortgage fraud prevention and regulatory compliance tools for the financial industry, has completed automation for lenders to validate broker submitted data with same day results. With its suite of Third Party Review solutions, Interthinx monitors nearly half a million broker/lender licenses per month and provides that information to eight of the top ten financial services companies in the nation. The new automation enables Interthinx to alert lenders of issues pertaining to license information and status, licensee derogatory information, social security number, bankruptcy filings, address and phone number and the broker's inclusion on the OFAC (Office of Foreign Asset Control) list, industry and client submitted watch lists and Interthinx's NFPD (National Fraud Protection Database) on mortgage brokers with near immediate results.

"FBI statistics reveal that 80% of mortgage frauds involve industry participants," said Kevin Coop, president of Interthinx. "Participants can include appraisers, brokers, real estate agents, etc. Interthinx's ability to provide same day reports on the status of broker licensing can not only arm today's lenders with crucial data on business partners, but may help prevent more undesirable business partners from breaching company walls."

The Third Party Review automation provides lenders fresh data, which is imperative to today's decision processes where licensing status of current and potential business partners is always in flux. "To avoid being a victim of mortgage fraud, it's important to know who you are doing business with today," said Connie Wilson, executive vice president of Interthinx. "Part of your broker review process should absolutely include a current license check and thorough background check. Automation of this type of process streamlines office efficiencies and ensures an additional layer of risk protection necessary in today's rather dubious environment."

SOURCE: Interthinx Inc.
Mortgage Fraud Litigation

Q4-2012 | Q3-2012
Q2-2012 | Q1-2012

Q4-2011 | Q3-2011
Q2-2011 | Q1-2011

Q4-2010 | Q3-2010
Q2-2010 | Q1-2010

Q4-2009 | Q3-2009
Q2-2009 | Q1-2009

Q4-2008 | Q3-2008
Q2-2008 | Q1-2008

full-year 2007
Red Flags Rule
News about the Fair and Accurate Credit Transaction Act.
Analysis of Fraud Enforcement and Recovery Act
The Mortgage Graveyard
Reverse Mortgage Blog
Mortgage Compliance Newsletter
Free compliance newsletter from MortgageDaily.com.

Copyright © 2014 MortgageDaily.com
MortgageDaily.com Subscribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

pricing engine directory

wholesale lender directory

More Mortgage News Resources (MortgageDaily.com full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan officer compensation rule

loan originator compensation rule


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

sales blog

reverse mortgage news

secondary marketing

servicing news

subprime news

wholesale lenders

wireless mortgage news