Informative Research releases ID Verify Plus to combat identity theft – NMP Skip to main content

Informative Research releases ID Verify Plus to combat identity theft

Jan 06, 2010

Responding to the need for more substantial and robust verification tools to thwart identity theft, Informative Research is introducing ID Verify Plus, a comprehensive report combining data verification from three sources. The report checks social security numbers directly against the Social Security Administration’s database (requiring consent from the applicant), The Office of Foreign Asset Control’s database, and credit repository databases to verify and track the usage and issuance of the SSN. As the definitive source for verifying social security numbers, the SSA provides the most reliable data available. Informative Research’s experience allows it the blend the data from these three sources into one easy-to-read identity verification report. ID Verify Plus is an excellent match for use in fraud detection, prevention or mitigation efforts to meet the FACTA Red Flags compliance requirements. “With application fraud accounting for 61 percent of mortgage fraud incidents in 2008, the focus on verified data is increasing. We have redoubled our efforts to verify as much of the application data as possible, and that includes social security numbers,” states Brad Kelso, VP of marketing for Informative Research. “And, we can turn around the verification within a few hours.” For more information or to see a sample of the new report, click here.  For more information, visit www.Informativeresearch.com.      
About the author
Published
Jan 06, 2010
Condo Review Deadline Puts Lenders On The Clock

Fannie Mae and Freddie Mac will eliminate abbreviated project reviews for condo applications dated on or after Aug. 3

TRUE Releases AI Governance Guide Ahead Of Fannie Mae Deadline

Guide focuses on tracing mortgage data from borrower documents through AI validation, human review, and final LOS entry

AD Mortgage Warns Condo Eligibility Changes Could Restrict Conventional Financing

Wholesale lender cites internal loan data to urge regulators to monitor whether new condominium eligibility standards reduce access to conventional financing

CHLA Says Direct Payments Are Key To Small FHA Loans

The lender group says mortgages below $100,000 routinely lose money, while LO compensation rules could prevent federal incentives from reaching originators

Solidifi Clears FHA Certification For UAD 3.6 Integration

The appraisal management company says it is the first to complete certification for FHA’s modernized EAD platform, giving lender clients an early path toward implementation

Vought To Face Congress Over CFPB Overhaul, Enforcement Pullback

Vought’s testimony also comes as a new poll suggests the CFPB retains broad support across party lines