Interthinx Forms Strategic Alliance with Document Express

January 1, 2011 / 4 min read

PredProtect^® now integrated with DX Closing Document system to screen loans

AGOURA HILLS, CA, May 15, 2009 — Interthinx^® has formed a strategic relationship with Document Express, a firm that provides state-of-the-art mortgage loan document preparation as well as compliant lending documents, initial disclosures, closing documents, high-cost analysis, and flood certificates for lenders throughout the nation. Through the new alliance, the Interthinx PredProtect^® Compliance Suite has been integrated into the DX Closing Document system. Interthinx is a leading provider of proven risk mitigation, fraud detection, and regulatory compliance tools for the residential mortgage industry.

The integration provides lenders with the option to verify loans against high-cost thresholds by using a comprehensive report that includes full testing at the federal, state, local, and GSE levels, along with additional checks for the Truth-In-Lending Act and state consumer loan laws. Through the Elite Series of loan closing products and services, Document Express customers can now benefit from comprehensive compliance reviews that feature clear, simple worksheets with Interthinx-exclusive Points & Fees Drilldowns^SM to make it easier to comply with the law.

“With the torrent of new laws and increased enforcement by both regulators and investors, many lenders will not be able to keep up without outside support,” said Kevin Coop, president of Interthinx. “PredProtect is the industry standard tool for helping ensure compliance with new lending requirements as they are enacted. The integration of PredProtect with the DX Closing Document system enables lenders to fund loans with increased confidence that they are in compliance with all applicable laws, rules, and regulations.”

“Document Express and our customers have been interested in providing this type of integration in connection with our Elite Series of closing services and products,” said Paul Fosco, president and CEO of Document Express. “There is no longer a need to be concerned with inaccurate data, re-keying errors, or learning the nuances of additional verification systems. Clients enter loan data once into their LOS system, order, and get our quality products and services in seconds. Nothing could be easier.”

Document Express client Rhonda DeRosa, head closer/manager of Mortgage Services III, LLC , noted, “By incorporating Interthinx technology into the Document Express Elite Series of closing options, we are now able to quickly and easily obtain closing packages while still complying with all applicable high-cost and predatory lending tests on federal, state, and local levels. The one-step, easy-click procedure — coupled with minimal overall processing time — makes the entire doc prep process faster and smoother. We particularly appreciate the user friendly print and view functions. By using the upgraded system, we now can close our loans more efficiently and productively.”

About Document Express
Since 1992, Document Express has delivered the industry’s most comprehensive suite of document preparation solutions. Document Express provides solutions that are truly best in class. Combining that expertise with state-of-the-art technology, Document Express offers superior initial disclosures, closing documents, high-cost analysis and flood determinations for lenders throughout the nation. For more information, visit the company's web site at www.documentexpressinc.com.

About Interthinx
Interthinx, Inc., an ISO business, 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 15 of the top 20 mortgage lenders and three of the top five largest financial institutions — 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.

About ISO
A leading source of information about risk, ISO provides data, analytics, and decision-support services to professionals in many fields, including insurance, finance, real estate, health services, government, human resources, and risk management. Using advanced technologies to collect, analyze, develop, and deliver information, ISO helps customers evaluate and manage risk. The company draws on vast expertise in actuarial science, insurance coverages, fire protection, fraud prevention, catastrophe and weather risk, predictive modeling, data management, economic forecasting, social and technological trends, and many other fields. To meet the needs of diverse clients, ISO employs an experienced staff of business and technical specialists, analysts, and certified professionals. In the United States and around the world, ISO helps customers protect people, property, and financial assets.

Release: Immediate

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

Interthinx Forms Strategic Alliance with Document Express

PredProtect® now integrated with DX Closing Document system to screen loans

PredProtect^® now integrated with DX Closing Document system to screen loans