Interthinx® Trains 30,000 to Fight Fraud
Award-winning provider of mortgage fraud detection training materials continues to educate AGOURA HILLS, Calif.--(Business Wire)-- Since its inception in 2005, Interthinx® has trained more than 30,000 individuals from nearly 4,500 companies nationwide to fight fraud in the mortgage industry. The company forecasts a record year in 2009 for training individuals on its fraud detection and compliance tools. Interthinx is a leading provider of proven risk mitigation, fraud detection and regulatory compliance services for the residential mortgage industry. "The industry is taking mortgage fraud very seriously and stepping up training on tools to stop it dead in its tracks," said Kevin Coop, president of Interthinx. "An educated workforce in the mortgage industry is key to the fraud fight, and effectively training large groups of employees on software is important. But equally - if not more - important is providing the perspective on and understanding about why the tools are necessary. That`s where our award-winning films, webisodes, and newscasts [free to the industry] fill the gap. To motivate employees, you must provide a full picture of the types of schemes and tactics being perpetrated so that everyone understands why the small details can matter greatly." Interthinx continues to provide the industry, at no cost, the DVD training films FSI: Fraud Scheme Investigation and Fraud Angels, which focus on beginning and intermediate-level training, respectively. Distribution of the DVD units has reached more than 4,000, and some large lenders have embedded the DVD files within their own internal networks for company-wide accessibility and training. Additionally, Interthinx has launched the free Fraudbytes newscast and free mini FHA webisodes on fraud, FHA requirements, and Interthinx tools. Lastly, the company offers a free, web-based, self-paced documentation fraud class designed to help underwriting teams better understand potential fraud in full doc loans. "We`re thrilled to see the adoption of our training tools and channels," said Mike Zwerner, senior vice president of business development and marketing for Interthinx. "In some cases, lenders have even made our training mandatory, which demonstrates to us that the message of pre-funding fraud detection continues to resonate and will ultimately guide the industry." "At Flagstar, we run a vast majority of our loans through Interthinx`s FraudGUARD and other quality-control tools," stated Marni Scott, chief credit officer for Flagstar Bank. "Not only is Interthinx training crucial for our employees to understand the technology and to interpret results, but the complimentary fraud training films that we`ve embedded in our internal systems provide fraud education - along with just enough entertainment value, to increase learning retention with our employees." 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, Inc. MEDIA CONTACT: Rick Grant,800-979-9049 or 570-497-1026 (Cell) rick@rickgrant.net Copyright Business Wire 2009
© Thomson Reuters 2009 All rights reserved



