RISK MITIGATION
Pre-Closing Quality Control
Industry Challenges
    By moving the QC function to the pre-closing stage of mortgage loan applications, lenders greatly improve the odds of stopping fraudulent loans from being funded. Areas that require attention include:
  • Income validation
  • Identity verification
  • Employment validation
  • Data integrity
  • Speed and accuracy in processing applications
Industry Solutions
In response to industry needs, Interthinx offers a system that incorporates real time performance data with statistics and heuristics. Based on complex algorithms using credit data, past mortgage fraud histories, proprietary data and application data history, decisions can be made pre-funding. The system can also factor in each lender’s risk tolerance, which enables performance data solutions to be customized based on a lender’s profile. It’s an innovative new approach that promises to take risk mitigation from detection to prediction and ultimately prevention.