AGOURA HILLS, CA, June 21, 2012 — Interthinx announced today the success of its first in a series of Washington, D.C., Beltway breakfast forums dedicated to building confidence in the mortgage markets through a renewed focus on data integrity. The inaugural topic of “Reluctance to Reliance: Are We Ready to Be Compliant?” explored how the current political environment shapes policy that impacts the financial industry, the regulatory climate, and the future development of solutions and policies to reduce risk for the residential mortgage markets.
The panel discussion, moderated by Interthinx Director of Federal Government Accounts Alison Beckner, included the following speakers:
“Together, we can become the antidote for the mortgage fraud, waste, and abuse that threaten the solvency of various government agencies,” said Beckner. “The goal of the forum was to provide information, data analysis, and insight to help agencies conserve federal tax dollars through greater efficiency and data management. With open discussion about the regulatory environment and current challenges, we were able to identify industry best practices to detect loan defects, prevent fraud, and ensure compliance.”
“Future policies and regulations need to address the demands of two key constituents: borrowers and providers of private capital. Borrowers and prospective borrowers are suffering from a crisis of confidence, and investors are suffering the effects of intolerable uncertainty,” said Tim Rood, partner and managing director for The Collingwood Group.
Interthinx plans to host future forums in the Washington, D.C., area covering additional material on data integrity, data transparency, regulatory compliance, risk reduction, and strategies to conserve federal tax dollars. For more information, visit www.interthinx.com.
Interthinx, a Verisk Analytics (Nasdaq:VRSK) subsidiary, is a leading national provider of comprehensive risk mitigation solutions focusing on mortgage fraud, collateral risk and valuation, regulatory compliance, forensic loan audit services, loss mitigation, and loss forecasting. With more than 20 years of experience in customizable risk evaluation technology, Interthinx offers proven and effective predictive analytics to the residential mortgage industry through its experience with millions of loan applications and fraud incident data from thousands of monthly loan reviews. Throughout the mortgage life cycle, the Interthinx suite of services can increase the value of client portfolios with its comprehensive and holistic approach to loan quality and compliance. Winner of multiple awards for technology, Interthinx helps clients reduce risk, increase operational efficiencies, satisfy regulator demands, manage data verification, remain compliant, and mitigate loan buybacks. The Interthinx quarterly Mortgage Fraud Risk Report is a standard for the financial services industry. For more information, visit www.interthinx.com or call 1-800-333-4510.