AGOURA HILLS, CA, February 27, 2008 — Interthinx®, Inc., the leading provider of proven risk mitigation, mortgage fraud prevention, and regulatory compliance tools for the mortgage industry, announced at the Mortgage Bankers Association’s National Mortgage Servicing Conference the launch of its forensic review appraisal service to the marketplace. The Interthinx service, R/EValue, leverages state-of-the-art technology and the most experienced forensic review appraisal professionals in the industry, providing the financial industry streamlined processes and unmatched quality in forensic reviews.
“This intolerant market demands R/EValue and precise appraisal reviews,” stated Mike Zwerner, senior vice president of business development and marketing for Interthinx. “If you are prosecuting or defending a repurchase based on a possible value misrepresentation, you will need to rely heavily on the accuracy of an appraisal. If you are prosecuting or defending an insurance rescission based on a possible value misrepresentation or performing due diligence on an appraiser or loan originator, you’ll want Interthinx reviews backed by the best appraisal professionals in the market.”
Qualified reviewers are placed in all 100 of the top MSA’s (Metropolitan Service Areas) in the country and reviews are typically returned within 10 business days. Interthinx continually audits appraiser work and ranks its panel of reviewers after every assignment. Professionals who do not provide timely and consistently excellent work are removed from the Interthinx panel.
“The examples cited by my colleague are obviously high risk, high value transactions in which the accuracy of the appraisal is central to a lender’s repurchase or insurance claim worth tens (and many times hundreds) of thousands of dollars,” continued Stacey Louie, senior vice president of product development and engineering for Interthinx. “Appraisal accuracy is central to your decision as to whether to conduct business with third party appraisers and originators. Access to the most experienced forensic review appraisal professionals through Interthinx is crucial to evaluate and mitigate risk and significantly reduce the chance for future loss.”
Interthinx, Inc., an ISO business, is the nation’s leading provider of proven risk mitigation and regulatory compliance tools for the financial services industry. Used at every point in the mortgage lifecycle to prevent mortgage fraud, compliance violations and to assess risk, Interthinx is relied upon by more than 1,400 customers, including 15 of the top 20 mortgage lenders and three of the top five largest financial institutions. With technology that earned Mortgage Technology Magazine’s prestigious 10X Award as “a diagnostic and corrective solution of the highest order,” Interthinx expertise in predictive analytics, data mining, and risk scoring sets the standard for the industry and directly increases the value of client portfolios. For more information, visit www.interthinx.com or call 1-800-333-4510.
A leading source of information about risk, ISO provides data, analytics, and decision-support services to professionals in many fields, including insurance, finance, real estate, health services, government, human resources, and risk management. Using advanced technologies to collect, analyze, develop, and deliver information, ISO helps customers evaluate and manage risk. The company draws on vast expertise in actuarial science, insurance coverages, fire protection, fraud prevention, catastrophe and weather risk, predictive modeling, data management, economic forecasting, social and technological trends, and many other fields. To meet the needs of diverse clients, ISO employs an experienced staff of business and technical specialists, analysts, and certified professionals. In the United States and around the world, ISO helps customers protect people, property, and financial assets.
MWW Group (for ISO)