|
|
|
|
|
|
Complete list of specialty news sections.
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.
Archive of MortgageDaily.com stories by month going back to 1999.
Reports and announcements from MortgageDaily.com.
Data and statistics for real estate finance.
Directories of lenders, branch operators and mortgage service providers.
Directories of lenders, branch operators and mortgage service providers.
|
|
|
|
|
|
| P R E S S R E L E A S E |
FOR IMMEDIATE RELEASE:
Oct. 10, 2011
DataQuick Updates Fraud Detection Tools in LoanShield
Addition of Property Review reduces mortgage fraud, repurchase claims
SAN DIEGO, Oct 10, 2011 (BUSINESS WIRE) -- DataQuick(R), a provider of advanced real estate information solutions powered by higher quality data, analytics and advanced decisioning, announced the addition of Property Review to LoanShield(TM), DataQuick's fraud protection platform.
Property Review reduces the risk of mortgage fraud and protects lenders from potential repurchase claims by providing lenders with the necessary tools to make more informed decisions on loan applications. LoanShield users can now quickly identify suspicious activity and confirmed fraud through a thorough review of borrower, participant, credit and collateral.
"The incorporation of Property Review into the LoanShield suite makes fraud detection in mortgage transactions faster and more effective," said Rich Kuegler, vice president, Business Development for DataQuick. "At DataQuick we are continually in pursuit of ways to improve our offering and -- in doing so -- help lenders achieve more from their effort."
The components of the LoanShield(TM) suite now include:
-- LoanShield Property Review, which detects potential fraud indicators on a property-specific basis. Included is DataQuick's collateral market value (CMV) automated valuation model (AVM), supported by Home Price Index (HPI) and flip analysis.
-- LoanShield Credit Review, which automate comparison of credit ratings in a simple report summary, including new inquiries, new tradelines and revolving debt increases.
-- LoanShield Borrower Review, which provides identity verification and anti-fraud screenings in a report summary format. Included items are social security number validation, national telephone records review and U.S. Postal Records Screening.
-- LoanShield Participant Review - Mortgage Electronic Registration System (MERS) data and fraud analysis are also available, including checks of Office of Foreign Assets Control (OFAC), General Services Administration (GSA) and Housing and Urban Development (HUD) Limited Denial of Participation (LDP) listings.
About DataQuick
San Diego-based DataQuick delivers advanced information solutions powered by higher quality data, innovative analytics and automated decisioning across a national footprint. The company drives better decision making and improved profitability for the real estate, mortgage lending and secondary investor markets. DataQuick's integrated solutions include property data and analytics, appraisals and non-appraisal evaluations, flood determinations, mortgage credit reports, automated valuation models, automated decisioning software, title insurance and property information, property research portals and marketing tools. For more information, visit the company's website at www.dataquick.com , on LinkedIn or on Twitter at @DataQuick.
For DataQuick Media Contacts
David Jones, 678-781-7238 or
Elizabeth McMillan, APR, 678-781-7224
|
Source: Business Wire
|
Local Mortgage Fraud news
News about local mortgage fraud.
|
|
|
