AGOURA HILLS, CA, September 21, 2010 — Interthinx reported today that one of its executives was invited to testify by the Financial Crisis Inquiry Commission (FCIC) for the Miami field hearing on September 21. Vice President Ann Fulmer offered testimony on the evolution, impact, and damage of mortgage fraud, both nationally and in Florida, as well as why Florida has become a prime target for mortgage fraud. Interthinx is a leading national provider of comprehensive risk mitigation solutions in the areas of mortgage fraud, collateral valuation, regulatory compliance, audit services, and loss forecasting.
“As always, we are proud to have our experts called upon by government and law enforcement agencies,” said Kevin Coop, president of Interthinx. “Ms. Fulmer is recognized as an expert on mortgage fraud because she knows it like no one else. She lived through it and understands its effects firsthand. She is a tremendous resource for Interthinx as we work to eradicate this risk from the industry, and I'm confident that her input will prove valuable to the FCIC.”
The Financial Crisis Inquiry Commission is a bipartisan commission established to “examine the causes, domestic and global, of the current financial and economic crisis in the United States.” The FCIC is charged with conducting a comprehensive examination of 22 specific and substantive areas of inquiry related to the financial crisis, including mortgage fraud and abuse toward consumers.
Interthinx executives routinely serve the mortgage industry as conference speakers and trainers and are called as experts by regulators and law enforcement agencies. Ann Fulmer is a nationally recognized mortgage fraud authority, speaker, and author for Interthinx who has, since 1996, warned about the staggering cost of mortgage fraud hidden in the real estate bubble. She has also given presentations on mortgage fraud to the Federal Bureau of Investigation (FBI), Federal Reserve, Federal Deposit Insurance Corporation (FDIC), Office of Thrift Supervision (OTS), and the Department of Housing and Urban Development (HUD).
Interthinx, a Verisk Analytics subsidiary, is a leading national provider of comprehensive risk mitigation solutions in the areas of mortgage fraud, collateral valuation, regulatory compliance, audit services, and loss forecasting. The Interthinx quarterly Mortgage Fraud Risk Report is a standard for the financial services industry and includes analysis of national mortgage fraud risk with indices for the most common types of risk. At every point in the mortgage life cycle, the Interthinx suite of services can directly increase the value of client portfolios. Winner of Mortgage Technology magazine's 10X Award, Interthinx is a charter participant in the national fraud prevention database MERS® FraudALERT, a powerful utility that allows members of the mortgage industry to share data while maintaining privacy in a secure environment. For more information, visit www.interthinx.com or call 1-800-333-4510.