Interthinx has announced the integration of the Interthinx FraudGUARD and PredProtect products into the MortgageFlex Residential Lending System (RLS.Net). Interthinx is a national provider of comprehensive risk mitigation solutions in the areas of mortgage fraud, collateral valuation, regulatory compliance, audit services and loss forecasting. MortgageFlex was founded 30 years ago to simplify loan origination and servicing for lenders.
The integration provides joint Interthinx and MortgageFlex customers the ability to perform fraud prevention and risk mitigation tests on loans before approval and to verify that approved loans are in compliance with hundreds of federal and state antipredatory lending requirements, including the HOEPA Section 35 and Truth-In-Lending Act (TILA) and Mortgage Disclosure Improvement Act (MDIA) tolerances.
“We’re very pleased to team with MortgageFlex to provide lenders an integrated FraudGUARD solution to minimize redundant work, reduce costly errors, close loans faster, provide secure data transmission for sensitive consumer information, and minimize losses due to fraud. In addition, the integration with PredProtect provides shared clients the ability to keep pace with the surge of new laws and increased enforcement by both regulators and investors,” said Mike Zwerner, senior vice president of Interthinx.
Craig Bechtle, chief operating officer for MortgageFlex, said, “Delivering FraudGUARD and PredProtect via RLS.Net requires no mapping, no programming, and no additional integration costs for MortgageFlex customers. This is a major advantage for our customers.”
For more information, visit www.interthinx.com or www.mortgageflex.com.