CALABASAS, Calif., April 06, 2006 -- Interthinx(TM), a leading provider of comprehensive fraud prevention and decision support tools for the mortgage industry, hired Kevin Ludden as vice president of Industry Relations. Ludden brings 14 years of experience working as lead investigator for Freddie Mac's Fraud Investigation Unit.
As a vice president for Industry Relations at Interthinx, Ludden collaborates with other team members to strengthen the company's fraud training and investigation services for the mortgage industry, law enforcement agencies and other agencies committed to fighting mortgage fraud. His tenure at Freddie Mac includes auditing, production, servicing, quality control and detecting, preventing and resolving issues surrounding mortgage fraud. Ludden has been deputized to assist the U.S. Attorneys' Offices of Atlanta, Fort Lauderdale, Indianapolis, Mobile and Fort Wayne.
"Interthinx is at the top of the industry when it comes to detecting and preventing mortgage fraud, and we only hire the best in the business to keep our industry relations efforts at its strongest," said Kevin Coop, president of Interthinx. "Kevin's expertise in identifying mortgage fraud has resulted in hundreds of indictments, convictions and prison sentences. Moreover, his efforts have netted millions in recoveries and restitution orders. His level of experience is an ideal example of the quality employees we are bringing in to make Interthinx even better than it is now."
Ludden has facilitated more than 100 training seminars and lectures surrounding mortgage fraud where his audiences have included all levels of law enforcement. Of these seminars, several have been for the FBI Academy in Quantico, Virginia. Additionally, Ludden has served as an expert witness in both civil and criminal court for fraud-related cases.
"Mortgage fraud is a growing problem and is affecting more than those within the industry," said Ludden. "Interthinx is on the forefront of efforts to educate and prevent mortgage fraud. I look forward to using my background and expertise in continuing the company's efforts."
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 1,100 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.
ISO is a leading provider of products and services that help measure, manage and reduce risk. ISO provides data, analytics and decision-support solutions to professionals in many fields, including insurance, finance, real estate, health services, government and human resources. Clients use ISO's databases and services to classify and evaluate a variety of risks and detect potential fraud. In the U.S. and around the world, ISO's services help customers protect people, property and financial assets. For more information, please visit www.verisk.com/iso.
Tara Tuschinski (Interthinx)