AGOURA HILLS, CA, April 8, 2008 — Interthinx® , Inc., the leading provider of proven risk mitigation, mortgage fraud prevention, and regulatory compliance tools for the mortgage industry, announces its exclusive ability to review and score third-party originators. Based on proprietary loan data and weighted “alerts” within the Interthinx scoring system, the Broker Risk Score provides lenders with the ability to incorporate a score, e.g., risk factor, into their broker approval processes to make more informed decisions about their potential and current business partners. Customers benefit from accessing historical broker performance aggregated from the millions of loans within the Interthinx inventory, resulting in more thorough reviews of third-party originators.
“The innovative Interthinx Broker Risk Score calculates risk based on the number of loans identified for a broker origination company, the percentage of loan reviews identified as high risk transactions, and the weighted alerts within the reviews that are assigned a value,” stated Stacey Louie, senior vice president of product development and engineering for Interthinx. “The combined values are used to determine whether the broker origination company represents a low, medium or high risk for the approving lender.”
“The FBI has stated that 80 percent of all reported fraud losses involve collaboration or collusion by industry insiders,” continued Mike Zwerner, senior vice president of business development and marketing for Interthinx. “There has never been a more crucial time in this contracted market to carefully review third party entities. The improved business profitability that results from the ability to evaluate potential third-party risk before accepting loans will add a newly restored confidence in approval processes. These are benefits that should not only be welcomed by lenders, but aggressively sought after.”
“While many solution providers will point lenders and investors towards buying additional or superfluous product, Interthinx understands the current marketplace and strives to improve its technology with little to zero cost back to the customer,” added Louie. “There is no additional cost for the new Broker Risk Score that is now integrated within the Interthinx Third Party Review product.”
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 1,100 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)