Interthinx® Integrates New Income Analytics into FraudGUARD®

Integration of 4506-T service provides lenders new fraud analysis while streamlining income verification

AGOURA HILLS, CA, October 1, 2009 — Interthinx® announced today that it has developed new proprietary risk analytics based on income verification results and integrated them into FraudGUARD®, its premiere loan-level fraud detection tool. In addition, lenders will now have the ability to automatically and manually place 4506-T orders for income verification by the IRS directly through FraudGUARD. The integration and display of 4506-T results within FraudGUARD provides an added level of risk mitigation and helps lenders ensure that false income information won’t lead to the approval of loans with a higher likelihood of default.

“Technology has made it easy to forge or procure documents that can fool even the best loan underwriters, and Interthinx has noted an increase in fraudsters using these forged documents to falsify assets and income,” said Connie Wilson, executive vice president of Interthinx. “This type of fraud is dangerous because it can make ratios used to underwrite loans virtually meaningless. Income verification with the 4506-T service has become a pre-funding requirement for many lenders, and now Interthinx has made it easier and faster to attain results.”

According to the Interthinx Mortgage Fraud Risk Report for second-quarter 2009, the employment and income fraud index decreased by 33 percent from second-quarter 2008. The report analysis concludes the decrease in the index is due in part to the increased use of the 4506-T service by lenders nationwide.

“We’re thrilled to see the industry taking a bite out of income and employment fraud,” added Mike Zwerner, senior vice president of business development and marketing for Interthinx. “The mortgage industry must not settle for this decrease. We must continue to improve our ability to prevent fraud through underwriting guidelines that include mandatory income verification from the IRS. The integration of the 4506-T service into FraudGUARD is helping lenders secure an access point where income fraud has previously crept into the transaction, and it secures it swiftly.”

Lenders now have the ability to review results from both the IRS and Interthinx proprietary analysis directly within the FraudGUARD report. Additionally, the company reports the new enhancement will improve underwriting efficiencies for lenders by enabling a quicker response from the IRS through the use of the electronically uploaded consent forms with pre-populated information provided through FraudGUARD.

Interthinx clients that take advantage of this new functionality now can be assured that they will see the savings from the recent reduction in the fees the IRS charges for 4506-T transactions. The IRS recently reduced its fees from $4.50 to $2.25 per tax year requested, a savings that is now fully integrated into FraudGUARD.

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.

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

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