With the integration both Interthinx and MortgageFlex, customers will have the ability to perform fraud prevention and risk mitigation tests on loans before approval and to verify that approved loans are in compliance with federal and state antipredatory lending requirements, including the HOEPA Section 35 and Truth-In-Lending Act and Mortgage Disclosure Improvement Act tolerances.
Interthinx senior vice president Mike Zwerner said that we’re very pleased to team with MortgageFlex to provide lenders an integrated FraudGUARD solution to minimize redundant work, reduce costly errors, close loans faster, provide secure data transmission for sensitive consumer information, and minimize losses due to fraud.
"In addition, the integration with PredProtect provides shared clients the ability to keep pace with the surge of new laws and increased enforcement by both regulators and investors,"Zwerner said.
MortgageFlex chief operating officer Craig Bechtle said that delivering FraudGUARD and PredProtect via RLS.Net requires no mapping, no programming, and no additional integration costs for MortgageFlex customers. This is a major advantage for customers.
Verisk Analytics subsidiary Interthinx, is a provider of risk mitigation solutions in the areas of mortgage fraud, collateral valuation, regulatory compliance, audit services, and loss forecasting.
