AGOURA HILLS, CALIF., December 19, 2012 — Interthinx announced today the success of its second 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 Housing Outlook Postelection”explored how the Administration and Congress can work together on the future development of solutions and policies that affect the real estate finance industry.
The panel of speakers included:
Panelists examined regulations still pending from the Consumer Financial Protection Bureau (CFPB), for example, the Qualified Mortgage (QM), the Qualified Residential Mortgage (QRM), and integrated Real Estate Settlement Procedures Act–Truth in Lending Act (RESPA-TILA) origination disclosures. They also discussed the various housing bills in Congress such as Boxer-Menendez, and how changes in the Senate Banking and House Financial Services Committees might affect legislation moving forward.
“The panelists’ comments clearly show that there are great challenges ahead, including the uncertainty in the financial services industry that will continue for some time because the vast majority of rulemaking required by the Dodd-Frank Act is yet to come,” said Ann Fulmer, vice president of industry relations for Interthinx. “Data transparency and technologies that support the integrity of the mortgage lending process will be keys to success. Coordination among members of the housing and finance industries, the Administration, and Congress is also critical as we all strive to implement new regulations and assist policymakers. And we still have a lot of work ahead of us.”
Interthinx plans to host future “beltway breakfast” forums in the Washington, D.C., area focused on additional issues such as 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.