Interthinx provides advanced name-matching technology to ferret out â€œbad actorsâ€MortgagePress.comInterthinx, Third Party Review, risk mitigation, mortgage fraud prevention
To further increase the accuracy of the information reported
within its Third Party Review (TPR) comprehensive background check
on brokers, Interthinx has added Advanced Name Matching into its
technology platform. Interthinx Inc., is the leading provider of
proven risk mitigation, mortgage fraud prevention, and regulatory
compliance tools for the mortgage industry. The platform
enhancement will drastically improve the veracity of alerts and
reduce false positive alert notifications that trigger for Client
Watch Lists, OFAC (Office of Foreign Asset Control), FHLMC (Freddie
Mac) Exclusionary, HUD LDP (U.S. Dept. of Housing and Urban
Development Limited Denial of Participation), NFPD (National Fraud
Protection Database) and Bankruptcy databases.
"Most name matching solutions identify variations due to
phonetic errors, accounting for only 20 to 25 percent of all name
matching errors," stated Stacey Louie, senior vice president of
product development and engineering for Interthinx. "In addition to
phonetic errors, the Interthinx solution will overcome common
variations associated with misspellings, transpositions, acronyms,
nicknames, and many other errors, providing our customers better
precision when approving or denying business partners."
"In today's market, lenders need to know with certainty that
their third-party business partners are reputable, reliable, and of
good character," stated Ann Fulmer, vice president of Interthinx.
"This latest technology achievement by Interthinx leaves the
fraudsters with even less room to hide."
For more information, visit www.interthinx.com or www.iso.com.