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

NationalMortgageProfessional.com
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.      
Published
Jan 06, 2010
SEC: Angel Oak Capital Advisors Misled Investors

Company, portfolio manager agree to pay $1.825M combined in civil penalties.

Regulation and Compliance
Aug 10, 2022
MISMO Seeks Public Comment On 3 eMortgage Resources

Updates proposed to MISMO Business Glossary, eMortgage Glossary, and eModification Reference Flyer.

Regulation and Compliance
Aug 05, 2022
As Expected, The Fed Raises Rate By Another 0.75%

Experts say housing industry will shrug off the latest increase.

Regulation and Compliance
Jul 27, 2022
AmTrust Ends 'No-Poach' Agreement, Pays $1.25M Fine In Deal With N.Y. AG

Company also agrees to cooperate with ongoing investigations of the title insurance industry.

Regulation and Compliance
Jul 25, 2022
NAR Chief Economist: Nationwide Home Price Decline Won't Happen Soon

Lack of inventory continues to support growth in prices, which have increased year over year for 124 straight months.

Regulation and Compliance
Jul 22, 2022
FHFA Director: Fannie, Freddie Need $300B Combined In Capital

So far, the enterprises combined have built $83.5 billion in reserves, or about 27% of the target.

Regulation and Compliance
Jul 21, 2022