AGOURA HILLS, CA, March 20, 2008 — Interthinx®, Inc., the leading provider of proven risk mitigation, mortgage fraud prevention, and regulatory compliance tools for the mortgage industry, has announced the general availability of its latest and more advanced fraud-detection training film, Fraud Angels. The film premiered at the Mortgage Bankers Association’s National Fraud Issues Conference in Chicago last week and received an enthusiastic reception by approximately 350 attendees. Interthinx is now offering the training film at no cost to mortgage industry professionals and is fulfilling nearly 700 pre-orders for the film this week.
Interthinx consulted with more than 30 industry professionals on the now-timely storyline and training material. Fraud Angels focuses on a foreclosure rescue con artist in Minnesota and a family-run real estate investment club in California that are mysteriously tied together. “When we consulted with industry experts well over a year ago, they were certain that we’d see record high foreclosures at this time, and that this story would need to be told,” stated Mike Zwerner, senior vice president of business development and marketing for Interthinx. “According to the Mortgage Bankers Association, 1.4 percent of all mortgages are currently in foreclosure, and a wave of adjustable rate mortgage resets are expected in May and June. Criminals will no doubt take advantage of struggling homeowners and look for lenders with penetrable, or non-existent, fraud detection programs.”
The Interthinx two-disc DVD set contains a 35-minute film that parodies a popular TV series and a disc containing 26 training chapters covering the “red flags” in the story, emerging mortgage fraud schemes, and the latest technology to combat the crimes. The set delivers more than two-and-a-half hours of content-rich material to help train today’s mortgage market employees. It also provides perspective on the potential for rampant fraud in the current market.
“Fraud Angels, like its predecessor FSI, was created in the spirit of uniting for the greater good,” stated Kristi Kennelly, director of marketing for Interthinx and producer of Fraud Angels. “It was critical to consult external risk mitigation experts who could temporarily drop competitive boundaries and deliver what they have coined ‘enter-trainment.’ We wanted to create material that holds the attention of today’s employees and allows them to easily assimilate and apply critical lessons,” continued Kennelly. “It’s a no-brainer. Would you rather sit through a PowerPoint presentation with bullet points on mortgage fraud or cheer as three fantastic ‘angels’ cleverly dissect a complex scam that brings the bad guys to justice?”
Fraud Angels was written by Emmy® Award winning writer Mary E. Harris. Though inspired by actual events, Fraud Angels is fictional and does not depict any actual person or event.
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)