Interthinx Integrates PredProtect into Ellie Mae Network

Integration of PredProtect automated compliance solution with Ellie Mae Network improves loan quality and operational efficiencies

AGOURA HILLS, CA, June 2, 2010 — Interthinx announced today that it has formed a working relationship with Ellie Mae® that includes the integration of the Interthinx PredProtect® Compliance Suite into the Ellie Mae NetworkTM. Ellie Mae provides enterprise mortgage origination technology solutions that include the company’s Encompass® and Encompass360TM software to mortgage bankers, mortgage brokers, community banks, credit unions and other mortgage lenders. Interthinx is a leading provider of proven risk mitigation and regulatory compliance tools for the financial services industry.

“The integration provides lenders with the ability to verify that their loans are in compliance with hundreds of federal and state anti-predatory lending requirements including the new HOEPA Section 35, and Truth-In-Lending Act and Mortgage Disclosure Improvement Act tolerances,” said Roger Fendelman, vice president of compliance for Interthinx. “Via the Ellie Mae Network, Encompass360 users can now benefit from comprehensive compliance reviews that feature clear, simple worksheets with Interthinx-exclusive Points & Fees DrilldownsSM. Instant regulatory compliance reviews with no manual keying-in of data reduces origination costs by streamlining production processes and eliminating mistakes.”

The Ellie Mae Network connects mortgage professionals to the lenders and settlement service providers with whom they work to process and fund loans. By using the Ellie Mae Network, users can help minimize redundant work, reduce costly errors, close loans faster, and provide secure data transmission for sensitive consumer information in compliance with Gramm-Leach-Bliley safeguards.

"We’re very enthusiastic about teaming with Ellie Mae and providing lenders the ability to keep pace with the surge of new laws and increased enforcement by both regulators and investors,” said Mike Zwerner, senior vice president of Interthinx. "Delivering the PredProtect Compliance Suite via the Ellie Mae Network requires no mapping, no programming and no additional integration costs for Encompass360 users. This plug and play type integration means underwriters spend more time ensuring compliance and closing loans and less time making data entry mistakes and placing last-minute calls to the compliance officer. "

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 14 of the top 20 mortgage lenders — 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 www.interthinx.com or call 1-800-333-4510.

Ellie Mae and Encompass are registered trademarks and Encompass360 and Ellie Mae Network are trademarks of Ellie Mae, Inc. in the United States.

Release: Immediate

Contact:
Rick Grant
Telephone: 800-979-9049
Cell: 570-497-1026
Email: rick@rickgrant.net

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