Interthinx Expands Fraud Investigations Team to Train Government Agencies and Assist Major Lenders

January 1, 2011 / 3 min read

Action taken in response to growing national mortgage fraud epidemic

AGOURA HILLS, Calif., Mar 6th, 2007 — Interthinx™, Inc., the leading provider of comprehensive fraud prevention, compliance and decision support tools for the mortgage industry, has significantly expanded the comprehensive services and manpower offered by its mortgage fraud Investigations Team in response to high customer demand and upward fraud trends.

To answer the industry's growing need for expert loan file review, Interthinx is offering broadened services to lenders including reviews that can be used to either verify or disprove information presented at the time of application to determine possible fraudulent activity. The reviews provide factual information to address concerns involving misrepresentations and to identify information that may have been undisclosed, misrepresented, or altered.

Comprehensive investigative reports include trend analysis and quality control opportunities, analysis of issues uncovered during the investigation and comprehensive detailed reports with an executive summary. In addition, interviews with the borrower(s) and involved parties, asset and employment verification, settlement and closing reviews, third party involvement, underwriting and process review, multiple and institutional file investigations and historic appraisal reviews are also available.

“The expansion of our investigative services unit is in response to the growing realization that mortgage fraud is reaching epidemic proportions in the US,” noted Mike Zwerner, Sr. Vice President Business Development & Marketing for Interthinx. “In fact,” he continued, “the FBI has warned that it could reach levels that dwarf the Savings & Loan crisis of the 1980s in terms of its economic impact.”

The national Interthinx Investigative Services units are directed by industry veterans; executive vice president Constance Wilson, CMB and vice president James Ronan, who are both Certified Fraud Examiners. James Ronan is also a member of the, International Association of Financial Crimes Investigators (IAFCI) as well as a member of that association's mortgage fraud task force. Composed of seasoned professionals, the Interthinx team represents combined mortgage fraud investigative experience of nearly 150 years. The forensic units now occupy offices in both California and Missouri.

As part of its overall commitment to collaboration and mortgage fraud prevention, Interthinx has shared its expertise in fraud detection with the Federal Bureau of Investigation (FBI), the Department of Justice (DOJ), the Office of Thrift Supervision (OTS), the Federal Deposit Insurance Corporation (FDIC) and state agencies and local law enforcement in addition to providing major lenders with forensic reviews of files.

Fraud investigations are inherently sensitive in nature. Interthinx operates under a strict privacy policy in regards to investigations; therefore clients are not disclosed. For further information on Interthinx newly expanded investigative services, please contact Jim Ronan at JRonan@Interthinx.com or call 1-800-333-4510, ext. 2943.

About Interthinx
Interthinx, Inc., an ISO business, is the nation's leading provider of risk mitigation and regulatory compliance tools for the financial services industry. Used at every point in the mortgage lifecycle to prevent mortgage fraud and compliance violations and to assess risk, Interthinx is relied upon by over 1400 customers, including 15 of the top 20 mortgage lenders and 3 of the top 5 largest financial institutions. With technology which earned Mortgage Technology Magazine's prestigious 10X Award as “a diagnostic and corrective solution of the highest order”, Interthinx expertise in predictive analytics, data mining and risk scoring 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.

About ISO
ISO is a leading provider of products and services that help measure, manage and reduce risk. ISO provides data, analytics and decision-support solutions to professionals in many fields, including insurance, finance, real estate, health services, government and human resources. Clients use ISO's databases and services to classify and evaluate a variety of risks and detect potential fraud. In the United States and around the world, ISO services help customers protect people, property and financial assets.

Release: Immediate

Interthinx contacts:

Media: Michael DiVirgilio
213-486-6560 x328

Corporate: Kristi Kennelly
818-878-2844