Interthinx Adds Mortgage Disclosure Improvement Act (MDIA) Test to Leading Loan Compliance Tool

— PredProtect® newly enhanced for easy MDIA compliance —

AGOURA HILLS, CA, October 29, 2009 Interthinx announced today that its PredProtect® Compliance Suite now performs Mortgage Disclosure Improvement Act (MDIA) calculations that automatically determine when new disclosures are required and whether the timing of the disclosures meets statutory requirements. PredProtect compares the APR at application to the most recently disclosed APR, applying a tolerance of one-eighth of one percent. The system then provides an “earliest closing date” calculation to ensure that the timing for initial or re-disclosure follows the new requirements. Users are automatically notified when a loan is out of compliance.

“MDIA compliance presents one of the biggest challenges of 2009 for many lenders, especially those with dated origination platforms that lack the elasticity to adapt quickly,” said Roger Fendelman, vice president of compliance for Interthinx. “PredProtect offers lenders an easy way to comply with MDIA. It provides instant protection from additional scrutiny with written proof of compliance placed right in the loan file.”

MDIA is a federal law that is part of the Housing and Economic Recovery Act of 2008 (HERA). MDIA requires, among other things, that lenders wait seven days after the initial disclosure is provided before closing a home loan and an additional period any time the APR changes by more than one-eighth of one percent and re-disclosure is required. The law then requires an additional cooling-off period before the loan can be closed. This sequence is frequently referred to as the 3-7-3 Rule.

“The time is right for lenders to deploy new, practical technology and ready themselves for more regulation to come. It seems like there’s never a good time to implement change, but now it’s a matter of keeping up with tough new regulation and survival,” said Mike Zwerner, senior vice president of business development for Interthinx. “Another way to look at the current environment is to recognize the industry is in a state of rebuilding consumer trust and brand confidence. Hidden costs or errors add up to lost opportunity. The new MDIA test in PredProtect provides lenders with a simple approach to compliance, helps avoid costly errors, and mitigates reputational risk with inexpensive, fast automation.”

This new feature, although optional, is being provided at no additional cost to Interthinx clients.

About Interthinx
Interthinx, Inc., a Verisk Analytics subsidiary, is a leading national provider of proven risk mitigation and regulatory compliance tools for the financial services industry. At every point in the mortgage life cycle, Interthinx helps to assess risk and prevent mortgage fraud and compliance violations. More than 1,100 customers — including 15 of the top 20 mortgage lenders and three of the top five largest financial institutions — employ the company’s products and services. Interthinx earned Mortgage Technology magazine’s prestigious 10X Award as “a diagnostic and corrective solution of the highest order,” for its technological expertise in predictive analytics, data mining, and risk scoring. The Interthinx suite of solutions sets the standard for the industry and directly increases the value of client portfolios. For more information, visit or call 1-800-333-4510.

About Verisk Analytics
Verisk Analytics is a leading provider of risk assessment solutions to professionals in insurance, healthcare, mortgage lending, government, risk management, and human resources. Verisk Analytics includes the holdings of Insurance Services Office, Inc. (ISO) and its subsidiaries, which provide essential solutions to the insurance, mortgage lending, and healthcare markets.

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Rick Grant
Telephone: 800-979-9049
Cell: 570-497-1026

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