Interthinx has integrated its mortgage fraud prevention systems with VueCentric‘s loan origination system, the companies announced today.
The partnership allows VueCentric’s Mortgage Dashboard customers to automatically screen for potential fraudulent activity through the integration with Interthinx tools.
VueCentric’s Mortgage Dashboard enables the processing of paperless mortgages for lenders, credit unions and banks. It provides loan product optimization, loan application processing, all state-specific forms and disclosures, automated underwriting and closing documents. In addition to conventional loans, the platform supports sub-prime automated underwriting as a Web service.
“The added capabilities Mortgage Dashboard has with the Interthinx solutions enables us to confidently check and close loans without potential fraud becoming an issue,” said Michelle Spaan, manager of regulation and compliance for Western Thrift and Loan, a company that uses VueCentric’s expanded loan origination capabilities.
“We catch and prevent fraudulent activity before it has the opportunity to affect our back office, saving significant costs and manpower,” Spaan said in a statement.
Interthinx’s Data Integrity Search and Score System (DISSCO) fraud-prevention product is designed to search hundreds of mortgage-related data fields in a loan record to identify and score any misinformation, inaccuracies and inconsistencies that could indicate fraud.
Additionally, the interface includes Interthinx’ PredProtect, an anti-predatory tool that scores loan data elements against all predatory lending laws currently in effect and provides results within seconds; and HCLSM, a Web-based tool that scores loans in real time for federal, state and local conditions to identify high cost, according to the announcement.
“Mortgage fraud impacts the industry at large, and Interthinx is committed to partnering with companies like VueCentric who share the common goal of fighting fraud at origination,” said Kevin Coop, president of Interthinx.
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