Interthinx® Bolsters Identity Theft Detection

—Identity data fundamentally strengthened within FraudGUARD® to improve fraud detection—

AGOURA HILLS, CA, March 16th, 2009 — Based on the disturbing trend of identity theft found in mortgage loan applications, Interthinx® has enhanced the Identity Verification feature in FraudGUARD® with a more robust set of identity data and improved analytics for superior fraud detection. The new identity data is seamlessly integrated into FraudGUARD and intelligently groups borrower information to isolate identity misrepresentation before loan funding. Interthinx is a leading provider of proven risk mitigation, fraud detection, and regulatory compliance tools for the residential mortgage industry.

“Over the last six months, our analysis shows an average of 5.7 percent of loan applications are from borrowers who simply are not who they say they are,” said Stacey Louie, senior vice president of product development for Interthinx. ”This level of identity misrepresentation exposes lenders to extreme and intolerable risk. In response to client demand, our developers have carefully incorporated a comprehensive identity data set into Interthinx proprietary technology. The sixteen new identity alerts and state-of-the-art analytics within FraudGUARD reduce false positive findings and improve fraud scoring.”

The identity enhancement enables lenders to locate maiden names, alias, and misspelled names and borrowers who have changed their identity. The enhancement also includes information such as the number of trade counts associated with a borrower’s name and social security number (SSN), the number of trade counts associated with a borrower’s address, additional reported SSN’s associated with a submitted SSN, property type for each borrower address, and employer information reported to a credit bureau.

“Underwriting resources are down, volume is up, and lenders need tools to streamline processes,” added Connie Wilson, executive vice president for Interthinx. “In today’s high tech and unforgiving environment, it’s imperative to know who you are lending to. Comprehensive identity verification of a loan applicant will not only help financial institutions comply with regulations such as the USA Patriot Act, The Fact Act, and various FHA requirements, but will help ensure quality and reduce underwriting time.”

About Interthinx
Interthinx, Inc., an ISO business, 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 ISO
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.

Release: Immediate

Rick Grant
MWW Group (for ISO)

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