-- Increased loan production and revenues.
-- Mitigation of financial and reputational risks.
-- Conformity with regulations.
-- Lower operational costs.
"This combination significantly increases DataVerify's strength in the
fraud prevention and risk management space," Steve Halper, CEO and
president of DataVerify said. "Together the companies will leverage their
industry experienced associates, 60 years of servicing excellence, and
their unique data and technology assets to ensure that their customers get
the right solutions and benefits. CBC Companies and DataVerify are now
positioned to provide its lender, servicer, investor and insurer customers
with an even greater abundance of superior performing loss mitigation
solutions and support."
DataVerify's core technology advantage is its DRIVE™ (Data Risk
Intelligent Verification Engine) decision system. Using open standards
technology such as Web Services, DRIVE™ enables businesses to
incorporate the highest quality fraud-rules-based decisioning software
directly into their existing systems and workflow. DRIVE™ increases
business agility by enabling customization of fraud system rules for
specific customer requirements.
About CBC Companies
Headquartered in Columbus, Ohio, CBC Companies provides solutions such as
credit reports, property information services, receivables management,
employment and resident screening, and loan application processing software
services. CBC Companies, a privately held family of companies established
in 1948, provides risk management and marketing services to customers in
the business, government and not-for-profit sectors. CBC Companies serves
over 20,000 customers. For more information, please visit
www.cbcinnovis.com.
About DataVerify
DataVerify is a leading provider of fraud prevention and decision
management solutions for the mortgage industry. DataVerify's executive team
has leveraged more than a dozen years of anti-fraud system experience to
create a new "next generation" platform that utilizes the latest .NET
technology to deliver superior anti-fraud products powered with more robust
exterior database sources, superior predictive analytics and a
comprehensive array of new and advanced features. These advancements allow
lenders to predict fraud and mitigate losses with unprecedented accuracy
while increasing workflow efficiency and reducing loan approval timeframes
at the point of sale. For more information about DataVerify, call
866-895-3282 or visit the company online at www.dataverify.com.
Contact Information: Media Contact: Becca Litchfield (614) 224-8114 ext. 241