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May 19, 2011

Helping mortgage professionals detect and prevent fraud

Salisbury, Md., May 19, 2011 – Credit Plus, Inc., a leader in the credit information industry since 1928, has automated more of its Validation Plus fraud detection tools in order to help mortgage professionals verify loan application data and prevent mortgage fraud.

"Mortgage fraud continues to rise, and Credit Plus is committed to helping mortgage professionals reduce their loan risk," said Greg Holmes, National Director of Sales and Marketing for Credit Plus. "Our tools automate most of the validation process, providing immediate confirmation of application information so fraud can literally be stopped before it even gets started."

The following Credit Plus products have now been automated:
  • Identity Validation addresses the 60 percent of mortgage fraud that involves identification discrepancies. This tool provides a validation score, specific warning messages, household income estimates, and checks of watch lists.
  • Social Security Number (SSN) Verification provides verification of the applicant's SSN and name combination, as well as confirmation that the SSN and name are not on the Social Security Association death master list. This tool meets Fannie Mae LQI requirements.
  • Mortgage Participant Report checks applicants against industry watch lists (OFAC-SDN, GSA-EPLS, HUD-LDP, and appraiser license data).
  • MERS® SSN Lien Report searches more than 60 million lien records in the MERS System to determine if a borrower has other mortgages on the same property, and/or is listed as a borrower on undisclosed mortgage loans. An updated report is provided within 10 days of closing.
  • Employer I.D. Report validates employer information, including address, phone, year established, number of employees, revenue, key executives, and website. The company's organizational structure is also verified in the corporation/sole proprietorship database.
  • Subject Property Report verifies that the property actually exists, confirms characteristics of the dwelling, substantiates previous ownership, and determines whether the property is at risk for flipping.
"Stopping fraud begins with removing the opportunity for fraud to occur," Holmes said. "Early detection through the use of Credit Plus automated tools eliminates that opportunity, providing a high level of protection for both mortgage professionals and consumers alike."

Please contact Credit Plus for more information about the company's wide range of fraud detection and prevention tools. Call 800-258-3488 or email [email protected]

About Credit Plus, Inc.
Credit Plus, Inc., a leader in credit information services, is dedicated to providing mortgage professionals with an unsurpassed level of service and technology. Headquartered in Salisbury, Md., the company provides quality products and services to a variety of clients nationwide.

Credit Plus provides lenders and brokers the best tools and support to close more loans faster and cheaper. It recently introduced Ariston, a company located in Pittsburgh, which offers the best in title and settlement/closing solutions nationwide.

Credit Plus and Ariston go BEYOND BUNDLEDTM by combining key settlement services, such as credit reports, flood reports, title insurance, AVMs, Warranted AVMs, tax return verifications and more, with stellar customer service.

For more information, please call Credit Plus at 800-258-3488, email [email protected] or visit the company's website at

For more information on Ariston, please call 800-569-9951, email [email protected] or go to

Amy Hansen
Seroka Public Relations
[email protected]

Source: CreditPlus

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