AGOURA HILLS, Calif., Aug. 31, 2006 — Interthinx™, an ISO business and the leading provider fraud detection and compliance tools for the mortgage industry, announced ISO’s acquisition of the Domus System. The Domus System provides automated compliance and reporting services to the affordable housing industry, which buys, builds and manages government-subsidized properties for low-income and other disadvantaged residents.
The Domus System electronically collects, maintains, and reports on resident and property data. Current data can be updated, while historical information is securely stored to allow for outcome analysis and fund tracking. The system is web-based; therefore Domus can offer asset managers and affordable housing agencies online and cost-effective reporting and data tracking solutions to maximize funding activities. Terms were not disclosed.
“Interthinx recognized the potential synergy with Domus in terms of data, analytics and fraud metrics,” said Kevin Coop, president of Interthinx. “Combining these two highly successful business models under the ISO umbrella will also provide Domus increased capacity to develop innovative products, expand their customer base and training resources, and obtain the protection of industry leading data security warehouses and procedures.”
“The affordable housing industry has a tremendous need for accurate and timely compliance reporting,” said KC West, president of Domus Systems. “Combining the fraud detection capabilities of Interthinx with the electronic data collection services of the Domus System will deliver a more robust automated compliance and reporting tool to our customers. “
Interthinx is the nation’s leading provider of automated fraud protection, compliance 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, an ISO business, for automated scientifically-based solutions, historical analysis and consistent data collection. For more information, visit www.interthinx.com or call 1-800-333-4510.
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 services help customers protect people, property and financial assets.
Kerri Milam (Interthinx)