Representing a revolutionary step beyond more traditional identity verification methods, IdentityPro® offers a more efficient and certain path to isolating borrower risk with the highest potential for impacting loan loss. Whether applied to a single loan or a loan pool, IdentityPro is the ultimate tool for zeroing in on borrower fraud.
In recent years, real estate fraud has become one of the mortgage banking industry’s most destructive concerns. Our risk management tools alleviate the problem by strengthening mortgage originators’ and investors’ ability to detect potential fraud when originating or purchasing a loan.
Identity theft and other borrower-based fraud techniques are becoming more sophisticated, exacting an increasing toll on profits. Compliance and misrepresentation tools alone are no longer adequate to address these threats. Lenders and investors need more refined methods to proficiently detect the types of borrower fraud most likely to result in early payment default and increased loss severity.
IdentityPro delivers the edge lenders need to stay ahead of dishonest borrowers. By harnessing advanced pattern recognition technologies, IdentityPro clearly distinguishes borrower patterns often associated with fraudulent activity. IdentityPro works by modeling borrower transactions and other relevant data to more precisely determine borrower risk. In addition, IdentityPro includes compliance and misrepresentation capabilities to spot identity theft, straw borrowers and owner-occupancy misrepresentation.
Putting IdentityPro to Work
IdentityPro can deliver critical assistance during loan application, underwriting or pre-funding review by spotting a borrower’s living, buying and selling patterns. IdentityPro’s easy-to-use interface and reports provide alerts for questionable activity, including transient behavior, owner occupancy, property value change and SSN activity.
Rule Sets Customized for Your Business
IdentityPro is flexible and supports each customer’s unique requirements. Lenders and investors determine the rules that align with risk tolerances, business models and geographic factors that are right for them.
Powering Your Workflow
Once IdentityPro is incorporated into the workflow, lenders can increase production and pull-through rates by streamlining the approval process for acceptable loans. Alerts and flags included in the IdentityPro report act as guideposts to speed review and decision making. Business moves faster, on solid footing, as the organization’s decision intelligence grows. IdentityPro is the business tool for verifying and categorizing borrower fraud risk.
Reliable Data and Analytics
Our database is updated daily with the latest information you need such as comparable sales, property valuations, household demographics, neighborhood analyses, school information, crime records, flood data, appraisal data and other proprietary and supplemental information.
We provide the mortgage banking industry with the most innovative, powerful and comprehensive set of mortgage risk management and fraud detection tools in the marketplace today. Our technology enables mortgage originators and investors to increase profitability and loan quality by making more informed lending and investment decisions. Financial institutions throughout the United States utilize our suite of tools to streamline their workflow and mitigate losses.