AGOURA HILLS, CA, July 21, 2010 — Interthinx announces the launch of Interthinx Review Appraisal Services for the residential mortgage market. Interthinx has combined its experienced appraisal team with the technical prowess of the Appraisal.com platform developed by ACI, a leading provider of technology solutions for the valuation industry, to provide in-depth desk and field review services to its national client network. 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.
"We saw the need for improving the industry's approach within the valuation space," said Mark Chapin, chief valuation officer at Interthinx. "Doing business the same old way simply won't work anymore. That's why we've begun to apply our proficiency in fraud analytics to modify the way appraisals are analyzed. By providing additional data sources and better tools for examining property valuations, Interthinx offers lenders the opportunity to reduce collateral risk significantly via an innovative, web-based system."
Interthinx Review Appraisal Services includes desk and field appraisal reviews (current and retrospective) and reconciliation services. All services use a certified licensed level real estate appraiser, selected only after a stringent background check has met Interthinx standards. The opinion is supported by data from public and Interthinx proprietary sources and the knowledge and experience of the review appraiser. The offering helps lenders mitigate the risk of investor buybacks due to collateral valuation issues.
"The analytics and tools we are developing in tandem with ACI are shaping the future of valuation," said Kevin Coop, president of Interthinx. "Expanding our current valuation services division to provide in-depth desk and field appraisal review services that leverage our proprietary data, analytics, and systems is a natural and necessary step for Interthinx and our customers. We look forward to providing trustworthy, high-quality, and streamlined services for lenders and investors nationwide."
Interthinx, Inc., 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 lifecycle, 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 industry 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.
ACI, a pioneer in crafting technology solutions for the valuation community, has gained industrywide recognition and support from leaders in the field. ACI's highly scalable appraisal solutions are tailored to the needs of the organizations it serves. The ACI client base features many of North America's premier lenders, national appraisal companies, and real estate brokerage firms. From connecting appraisers nationwide to streamlining quality control, the flexibility provided gives organizations the means for processing appraisals and managing exceptions in a consistent and efficient manner. Headquartered in Palm Coast, Florida, ACI's management and development teams garner the type of experience coveted by decision makers responsible for bringing synergy to their daily workflows and processes. ACI is a division of Verisk Analytics.