SOURCE: Interthinx

September 18, 2007 11:00 ET

Interthinx® Integrates Cascading AVM Into Its Proven Risk Mitigation System

Integration of 10 of the Best-Of-Breed AVM Models Into FraudGUARD® Provides Lenders Maximum Efficiency and Superior Valuation Technology

AGOURA HILLS, CA--(Marketwire - September 18, 2007) - Interthinx®, Inc., the leading provider of proven risk mitigation, mortgage fraud prevention, and regulatory compliance tools for the mortgage industry, has announced the integration of advanced cascading AVM (automated valuation model) technology into its proven FraudGUARD® risk mitigation system. The integration of the two products empowers FraudGUARD users to request a Clear Value(SM) cascading AVM directly from the FraudGUARD interface, providing new workflow efficiencies and reducing overall transaction processing time for lenders nationwide.

Upon user request, FraudGUARD will seamlessly pass subject-property details to Clear Value with no additional data entry required. Clear Value uses proprietary technology to deliver extremely accurate subject property estimates. It allows lenders and investors to incorporate credit policies and loan characteristics, such as geography, LTV (loan to value), occupancy, loan purpose, and others for accurate, dynamic, and economical valuation results. What's more, results are derived from the combined potency and examination of the industry's most advanced AVM providers with an unbiased delivery and a 90-percent plus hit rate. The results of Clear Value will be conveniently returned and rendered within FraudGUARD. This integration provides lenders an optimized workflow by first using FraudGUARD property analytics and valuation before executing a Clear Value cascading AVM.

"Interthinx clearly understands the state of the market, and its demands and thresholds," stated Kevin Coop, president of Interthinx. "This most recent enhancement comes on the heels of our exclusive ability to incorporate our own proprietary closed sales data in the calculation of accurate subject-property values within FraudGUARD. We now offer the highest AVM hit rate and most accurate neighborhood analysis within proven FraudGUARD results for your consideration. That, combined with the seamless ordering of a cascading AVM, provides Interthinx customers the most comprehensive collateral solution available on the market."

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 more than 1,400 customers, including 15 of the top 20 mortgage lenders and three of the top five largest financial institutions. With technology that 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 United States 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