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PRESS RELEASE



Employment Verification Service Prevents Fraud

Rapid Reporting Taps Pathfinder Development to Co-Create EmploymentChek, a First-of-Breed Tool in Employment Verification


 
CHICAGO (July 22, 2009) -- Rapid Reporting has recently released EmploymentChek, the latest in their unique line of fraud prevention tools. EmploymentChek, developed in partnership with Chicago-based Pathfinder Development, works seamlessly with Rapid Reporting's existing tools, IncomeChek and DirectChek, to provide issuers of credit with information to assess the risks associated with a credit application.

EmploymentChek allows issuers of credit to verify a borrower's employment details and ensure the validity of a borrower's employer by combining phone interviews by trained investigators with proprietary queries to data partners. This risk assessment assists the customer's approval decision on the loan application and follows the application to mortgage buyers on the secondary market in an effort to reiterate the safety of the loan as an investment vehicle.

EmploymentChek also enforces anti-fraud best practices, and delivers extremely detailed reports including: extended public records findings and risk flags, responses to each interview question, interviewer's subjective impressions, and detailed logging of unsuccessful interview attempts.


SOURCE: Pathfinder Development


 
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