AGOURA HILLS, CA, July 29, 2008 — To further increase the accuracy of the information reported within its Third Party Review (TPR) comprehensive background check on brokers, Interthinx has added Advanced Name Matching into its technology platform. Interthinx®, Inc., is the leading provider of proven risk mitigation, mortgage fraud prevention, and regulatory compliance tools for the mortgage industry. The platform enhancement will drastically improve the veracity of alerts and reduce false positive alert notifications that trigger for Client Watch Lists, OFAC (Office of Foreign Asset Control), FHLMC (Freddie Mac) Exclusionary, HUD LDP (U.S. Dept. of Housing and Urban Development Limited Denial of Participation), NFPD (National Fraud Protection Database) and Bankruptcy databases.
“Most name matching solutions identify variations due to phonetic errors, accounting for only 20 to 25 percent of all name matching errors,” stated Stacey Louie, senior vice president of product development and engineering for Interthinx. “In addition to phonetic errors, the Interthinx solution will overcome common variations associated with misspellings, transpositions, acronyms, nicknames, and many other errors, providing our customers better precision when approving or denying business partners.”
“In today’s market, lenders need to know with certainty that their third-party business partners are reputable, reliable, and of good character,” stated Ann Fulmer, vice president of Interthinx. “This latest technology achievement by Interthinx leaves the fraudsters with even less room to hide.”
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)