AppIntell on Tuesday announced it has enhanced its fraud detection technology with “intelligent” features that aim to increase user effectiveness.
The enhancements include more comprehensive, easy-to-read red-flag warnings to alert users to suspicious or inconsistent loan data. The flags are also linked to in-depth guides that automatically provide users with specific steps they can take to further clarify and validate the questionable elements.
According to AppIntell, today’s users of fraud detection tools are organizationally farther away from their company’s on-staff fraud experts than they used to be. As a result, the fraud tool itself must provide “intelligent” support for users. With the new enhancements, users are provided with concise assistance to help them understand why data has been called into question by the system, and what they should do about it. The system is also customizable to help institutions better control how processors and underwriters react to variances detected by the tool.
AppIntell Inc. provides mortgage technology services that aim to facilitate the detection and resolution of data integrity, risk management and fraud.
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