SOURCE: Interthinx

June 13, 2007 09:00 ET

Interthinx® Exchange of Critical Information Provides Financial Industry Unmatched Risk Management Results

Interthinx® Expands Lender Access to FraudNET(SM) Technology

AGOURA HILLS, CA--(Marketwire - June 13, 2007) - Interthinx®, the leading provider of proven risk mitigation, mortgage fraud prevention and regulatory compliance tools, has launched a powerful expansion to its existing set of Global Variances, already contained within its proven FraudGUARD® scoring system, to provide lenders and investors access to unparalleled and essential mortgage fraud and risk management results. Over 1400 Interthinx customers will benefit from this newly expanded data sharing network and application of advanced analytics.

Breakthrough analytics have been applied to Interthinx FraudNET(SM) technology; the platform that allows Interthinx to coalesce massive amounts of data from multiple sources, deeming it the largest loan level fraud detection database in the industry. This newest set of analytics allows Interthinx to look across the massive amount of loan application data it receives daily, compare it to existing data in a way never before analyzed, and extract potential mortgage fraud schemes involving multiple participants and activities across the entire industry. Specifically, the unique, real-time analysis of lending risk will be achieved by examining borrower and third party "performance" which is based on historical transactions. This past performance analysis will be used to highlight potential future risk. This enhancement will deploy approximately 35 new alerts and changes to approximately 30 existing alerts within the existing and validated risk scoring system.

"Providing Interthinx customers greater access to our industry-wide view of loan application activity and precise guidance about the source of potential problems on loans will no doubt impact lending decisions, loan quality and risk management processes in a way that no one else in the market can emulate," stated Kevin Coop, president of Interthinx. "Though our current scoring system has been proven to predict non-performing loans by statistical analysis, Interthinx will continue to innovate and provide enhancements such as this critical exchange of information to provide our lender and investor network the most comprehensive and state of the art risk mitigation tools."

"This type of analysis can only be conducted by companies like Interthinx that have significant industry adoption and, therefore, profuse data to fuel results," added Mike Zwerner, senior vice president of Business Development and Marketing for Interthinx. "This most recent project by Interthinx maximizes the value of FraudNET technology and the benefits of our data sharing network of over 1400 customers."

Data within the Interthinx systems are compared across many Interthinx customers, but the source of the data and personally identifiable information are not revealed.

About Interthinx

Interthinx, Inc., an ISO business, is the nation's leading provider of proven risk mitigation and regulatory compliance tools for the financial services industry. Used at every point in the mortgage lifecycle to prevent mortgage fraud, compliance violations and to assess risk, Interthinx is relied upon by over 1400 customers, including 15 of the top 20 mortgage lenders and 3 of the top 5 largest financial institutions. With technology which earned Mortgage Technology Magazine's prestigious 10X Award as "a diagnostic and corrective solution of the highest order," Interthinx expertise in predictive analytics, data mining and risk scoring sets the standard for the industry and directly increases the value of client portfolios. For more information, visit www.interthinx.com or call (800) 333-4510.

About ISO

ISO is a leading provider of products and services that help measure, manage and reduce risk. ISO provides data, analytics and decision-support solutions to professionals in many fields, including insurance, finance, real estate, health services, government and human resources. Clients use ISO's databases and services to classify and evaluate a variety of risks and detect potential fraud. In the U.S. and around the world, ISO services help customers protect people, property and financial assets. For more information, please visit www.iso.com.

Contact Information

  • Media Contact:
    Michael DiVirgilio
    (213) 486-6560 x328

    Corporate Contact:
    Kristi Kennelly
    (818) 878-2844