Interthinx® Trains 30,000 to Fight Fraud

Tue Jul 14, 2009 11:38am EDT
 
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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

 

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