Interthinx Contacts Secretary of the Treasury

Industry leader notes fraud prevention is key to repairing and sustaining
mortgage industry
AGOURA HILLS, Calif.--(Business Wire)--
Interthinx, a leading national provider of proven risk mitigation, mortgage
fraud prevention and regulatory compliance tools for the mortgage industry, has
sent a package to the U.S. Secretary of the Treasury, Congress, and political
leaders in various states, identifying several key issues that government
leaders must address if they hope to correct the problems plaguing the U.S.
mortgage industry.

"Now that loan volume has significantly decreased and the mortgage industry must
refocus on the quality of mortgage loans, many now understand how fraud could
have and should have been prevented with the use of readily available, proven
technologies before loans were funded," said Kevin Coop, president of
Interthinx. "Tightened underwriting standards and increased documentation
requirements are not preventing fraud; they`re only encouraging more creative
schemes and falsified documents as the incidence of fraud continues to rise. It
may be time for the government to require certain technology to mitigate this
multibillion-dollar problem."

In its package, Interthinx outlines its experience as a leading developer of
technology to identify fraud in the mortgage transaction. It also touches on the
company`s efforts to build awareness of the potential problem of foreclosure
rescue scam artists as early as 2007. In addition, each package includes a
reference to a white paper entitled "Burning Down the House: Mortgage Fraud and
the Destruction of the U.S. Economy." The paper, presented this spring by
Interthinx vice president Ann Fulmer at the National Institute of Justice
Conference on Foreclosures, Mortgage Fraud and Crime, delineates problems caused
by fraud and details a solution built around a uniform fraud prevention
protocol.

"Mortgage fraud is robbery without a gun," said Fulmer. "We have the means to
defend ourselves, the mace so to speak. We just need everyone in the industry,
including the government, to become aware of it. With the US government now the
largest investor in American mortgage debt, we owe mandatory prevention efforts
to every taxpayer."

Interthinx provides the following excerpt from the letter by Kevin Coop included
in its package, "It is clear that in the absence of robust fraud prevention
protocols, government stabilization and stimulus program funds are being drained
from their intended purpose into criminal profits. With foreclosures up and more
adjustable rate mortgage resets still to come, criminals will no doubt continue
to take advantage of struggling homeowners and look for lenders with penetrable,
or nonexistent, fraud detection programs. At Interthinx, we are firm believers
that the economic crisis will not end until the quality of loan originations is
assured."

About Interthinx

Interthinx, Inc., an ISO business, is a leading national provider of proven risk
mitigation and regulatory compliance tools for the financial services industry.
At every point in the mortgage life cycle, Interthinx helps to assess risk and
prevent mortgage fraud and compliance violations. More than 1,100 customers -
including 15 of the top 20 mortgage lenders and three of the top five largest
financial institutions - employ the company`s products and services. Interthinx
earned Mortgage Technology magazine`s prestigious 10X Award as "a diagnostic and
corrective solution of the highest order" for its technological expertise in
predictive analytics, data mining, and risk scoring. The Interthinx suite of
solutions sets the standard for the industry and directly increases the value of
client portfolios. For more information, visit www.interthinx.com or call
1-800-333-4510.

About ISO

A leading source of information about risk, ISO provides data, analytics, and
decision-support services to professionals in many fields, including insurance,
finance, real estate, health services, government, human resources, and risk
management. Using advanced technologies to collect, analyze, develop, and
deliver information, ISO helps customers evaluate and manage risk. The company
draws on vast expertise in actuarial science, insurance coverages, fire
protection, fraud prevention, catastrophe and weather risk, predictive modeling,
data management, economic forecasting, social and technological trends, and many
other fields. To meet the needs of diverse clients, ISO employs an experienced
staff of business and technical specialists, analysts, and certified
professionals. In the United States and around the world, ISO helps customers
protect people, property, and financial assets. For more information, visit
www.iso.com.

For Interthinx
Rick Grant, 800-979-9049
Cell: 570-497-1026
rick@rickgrant.net

Copyright Business Wire 2009