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MORTGAGE SOFTWARE FOR ON-DEMAND LOAN ORIGINATION MANAGEMENT
MORTGAGEDASHBOARD SELECTS INTERTHINX FOR “SINGLE CLICK” FRAUD SOLUTION INTEGRATION
AGOURA HILLS, CA and AUSTIN, Tex. – May 28, 2009 – Interthinx®, a leading provider of proven risk mitigation, fraud detection, and regulatory compliance tools for the residential mortgage industry, has successfully integrated its fraud prevention system with MortgageDashboard’s loan origination system, MortgageDashboard. The integration enables MortgageDashboard to offer customers a seamless interface with automatic and proven screening for potential fraudulent activity. BenchMark Mortgage was recently introduced to MortgageDashboard’s expanded loan origination system.
“As a result of the Interthinx integration, the added capabilities of MortgageDashboard enables us to confidently check and close loans without potential fraud becoming an issue,” said Bryan Harlan, CEO of BenchMark Mortgage. “We can catch and prevent fraudulent activity before it has the opportunity to affect our back office, saving significant costs and manpower.”
MortgageDashboard integrated Interthinx’s FraudGUARD® product, a proven fraud detection tool that measures and scores fraud risk against public, private and proprietary data sources. With millions of mortgage applications running through Interthinx systems, FraudGUARD reports can provide shared data and findings not available anywhere else in the marketplace.
“Mortgage fraud continues to impact the industry in insidious and highly destructive ways, and Interthinx is committed to aligning with companies like MortgageDashboard that share the common goal of fighting fraud at origination,” said Kevin Coop, president of Interthinx. “Interthinx offers proven solutions that help prevent and detect fraud, supported with proactive education and training to help mortgage professionals identify fraudulent activity before it does damage to a company.”
“To provide a robust loan origination system, vendors have realized that we must integrate components that help our customers easily detect and prevent fraudulent activity and risk,” said Jorge Sauri, president of MortgageDashboard. “To offer the most efficient solution, we selected Interthinx to give our customers streamlined fraud detection via a single click within MortgageDashboard.”
MortgageDashboard enables the processing of paperless mortgages for lenders, credit unions and banks. It provides loan product optimization, loan application processing, all state-specific forms and disclosures, automated underwriting and closing documents. In addition to conventional loans, the platform supports subprime automated underwriting as a Web service.
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 MortgageDashboard
MortgageDashboard is a Software as a Service (SaaS) company founded in 2001 to provide industry-leading on-demand solutions for the mortgage industry. MortgageDashboard offers an end-to-end mortgage banker system that provides lenders with on-demand tools on a pay-per-loan basis. In addition to pay-per-close software for mortgage bankers, MortgageDashboard provides the nation’s leading on-demand loan origination system (LOS) for Web-based, paper-less origination and processing. For more information, please call 800-209-8812 or visit http://www.mortgagedashboard.com.
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. For more information, visit www.iso.com.
“ The future of the LOS is OnDemand software as a service, customizable to the needs of the originator and the investor. MortgageDashboard has been living in this future for a long time. ” Rick Grant,
Rick Grant & Associates