home mortgage fraud newsletter full stories advertise mortgage industry newsletter RSS about us
HOT Topics Fraud Resources Fraud Prevention Mortgage Litigation News Appraisal News

Sign Up for Free Mortgage Fraud Newsletter

twitter linkedin
facebook google+
Mortgage News

Search mortgage fraud news by keyword.

Mortgage Fraud News
News, analysis and statistics about mortgage fraud.

Local Mortgage Fraud
Stories about individual mortgage crime cases.

Mortgage Fraud Statistics
Statics by year about real estate fraud.

Mortgage Fraud Index
Quarterly index based on case activity.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage Fraud Feedget RSS code
The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.

Mortgage Fraud Archives
Archive of FraudBlogger.com entries going back to 2005.



Loan Fraud Solutions Awarded

The Interthinx combination of leading edge technology and innovative training merits top honors

Agoura Hills, Calif.--(Nov. 2, 2006) -- Interthinx(TM), (www.interthinx.com) the leading provider of comprehensive fraud prevention, compliance and decision support tools for the mortgage industry and an ISO division, is the proud winner of the 2006 Mortgage Technology Magazine 10X Award. Given annually to recognize technology that has exponential effects on mortgage processes, the 10X Award was presented to Interthinx during ceremonies held on Sunday Oct. 22, 2006 at the University of Chicago's Gleacher Center.

With the selection of Interthinx, the judges noted the seriousness of the mortgage industry's exposure to fraud and commended Interthinx "as a diagnostic and corrective solution of the highest order." The award went on to state, "what particularly stood out about the Interthinx entry was that it was backed by confidential fraud figures and testimonials supplied by major lenders. One lender, for example, documented some $1.2 million in fraud losses prevented over an 18-month period in some 1000 loans stopped before funding based on an Interthinx review."

In serving 15 of the top 20 lenders, Interthinx combines its National Fraud Protection Database with advanced technology and data collection to offer a powerful fraud detection system credited with increasing the value of more than 1100 of its clients' portfolios and business processes. The impact of FraudGUARDŽ, its most comprehensive and progressive risk evaluation tool to date, as well as the innovative approach to training evidenced by the release of FSI(SM), a training DVD created and produced as an industry service by Interthinx were key elements in the selection for the award.

"Fraud has reached a pandemic level within the industry, with an estimated 80 percent of fraud perpetrated or assisted by an industry insider. To truly combat this epidemic requires a Herculean effort from the industry as a whole," said Kevin Coop, president of Interthinx. "Interthinx is firmly committed to providing the necessary tools to fight this assault head on. The receipt of the 10X Award showcases the outstanding advancements Interthinx has made in creating a front-end focus for preventing mortgage fraud rather than simply analyzing the problem once damage has been done by defaults and foreclosures."

In September, Interthinx announced the release of FraudGUARD, its next generation loan-level fraud detection solution for lenders and investors. By utilizing FraudGUARD, lenders and investors can significantly reduce loss due to fraudulent transactions, increase pull through rates, and improve loan quality by leveraging the most ample amount of proprietary and application data available in the industry.

FSI, the fraud detection and training video from Interthinx further demonstrates how the company uses the combination of technology and training to help diminish mortgage fraud. By way of parody of a popular primetime television program, FSI conveys the story of property flipping scheme inspired by actual events. Additionally, the DVD contains 25 chapters covering various ways fraud occurs in the mortgage lending process and what can be done to prevent it. For more information visit www.FSIMovie.com

SOURCE: Ciercus Systems

Mortgage Fraud Litigation

Q4-2012 | Q3-2012
Q2-2012 | Q1-2012

Q4-2011 | Q3-2011
Q2-2011 | Q1-2011

Q4-2010 | Q3-2010
Q2-2010 | Q1-2010

Q4-2009 | Q3-2009
Q2-2009 | Q1-2009

Q4-2008 | Q3-2008
Q2-2008 | Q1-2008

full-year 2007
Red Flags Rule
News about the Fair and Accurate Credit Transaction Act.
Analysis of Fraud Enforcement and Recovery Act
The Mortgage Graveyard
Reverse Mortgage Blog
Mortgage Compliance Newsletter
Free compliance newsletter from MortgageDaily.com.

Copyright © 2014 MortgageDaily.com
MortgageDaily.com Subscribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

pricing engine directory

wholesale lender directory

More Mortgage News Resources (MortgageDaily.com full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan officer compensation rule

loan originator compensation rule


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

sales blog

reverse mortgage news

secondary marketing

servicing news

subprime news

wholesale lenders

wireless mortgage news