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
CHLA Backs Bank Capital Proposal, Questions Impact On Mortgage Lending

Trade group supports lower mortgage risk weights but says broader market forces — not capital rules — drove banks' retreat from the market

Senate Passes 21st Century ROAD To Housing Act In 85-5 Vote

Sweeping housing package heads back to House after Senate clears final version with broad bipartisan support

MISMO Updates Business Glossary To Support AI, eMortgages

New definitions covering eHELOCs, remote online notarization, valuation modernization, and compliance initiatives aim to improve consistency

Underwriters Don’t Slow Down Loans. They Eliminate Uncertainty.

ndustry’s biggest bottleneck is not underwriting itself — it is the uncertainty that reaches underwriting too late in the process. When validation happens upstream, speed follows naturally.

MISMO Launches AI Governance Framework For Mortgage Lenders

New FRAME toolkit gives lenders, servicers, and technology providers a roadmap for managing AI risk while supporting innovation

CFPB Tells Lenders Immigration Status Can Factor Into ATR Analysis

CFPB frames immigration status as a potential ability-to-repay factor when future U.S.-based income is at risk