Avista Solutions Completes Integration to Interthinx’s FraudGUARD®. This integration provides Avista’s customers a web-based automated fraud protection and detection tool at the point of sale.
May 21, 2007 (Press Release) --
New York, NY, May 21, 2007- Avista Solutions, a leading web-based mortgage loan origination software company and Interthinx, the leading provider of mortgage fraud prevention and risk mitigation for the financial industry, announce today that integration to FraudGUARD®, Interthinx’s fraud detection and prevention system has been completed. This seamless integration provides Avista’s customers a web-based automated fraud protection and detection tool at the point of sale.
“We’ve had many customers request access to Interthinx’s FraudGUARD,” says Mark Phlieger, CEO of Avista Solutions. “We are pleased to be able to provide this seamless system-to-system integration to FraudGUARD. The interface is now available to Avista customers who have an established relationship with Interthinx.”
Interthinx’s FraudGUARD is an electronic fraud prevention tool that is designed to reduce the risk associated with mortgage lending due to fraud. The integration will allow Avista customers using the Avista Agile LOS™ Wholesale, Retail and Correspondent mortgage platforms to instantly and seamlessly screen loans for potential mortgage fraud. FraudGUARD immediately searches hundreds of mortgage-related data fields in a loan record to identify any misinformation, inaccuracies and inconsistencies which could be indications of mortgage fraud. FraudGUARD will then produce a detailed report for Avista’s lenders with recommendations on how to respond.
“Mortgage fraud continues to plague the industry at large, and Interthinx is committed to relationships with companies like Avista who share the common goal of thwarting criminal activity before funding,” said Kevin Coop, President of Interthinx. “As noted in our recent Risk Metrics Validation Study, Interthinx offers proven fraud scoring systems capable of predicting non-performing loans and solutions to mitigate risk for lenders and investors. Avista customers will no doubt benefit from the seamless integration of FraudGUARD and the industry standard of protection it offers.”
The Avista Agile LOS™ origination platform allows users to create loan applications via the internet or import the application from external loan origination software. The platform also allows users to order services such as credit and automated underwriting. This B2B website provides online status, pipeline management, product eligibility and pricing with lock capabilities, originator/lender loan collaboration and disclosures and closing documents through a 3rd party document service. The lender view allows users access to all of the originator specific services as well as features such as template driven underwriting management. Simple updating of website content for each channel is managed through the user-friendly back end administration. The proven technology of Avista’s Agile LOS is designed to streamline the origination process, increase loan production, reduce operating costs, improve customer service, and increase lender profits.
About Avista Solutions
Avista Solutions, the mortgage industry’s most agile origination software provider, has handled over $337 billion in loan volume and our customers are among the highest rated in the industry for their origination technology. The demand for new mortgage products in a rapidly changing market requires a platform with superior flexibility. Avista Solutions’ suite of mortgage lending software provides complete end-to-end solutions that can be rapidly implemented for conforming, Alt-A, and sub-prime products, across all origination channels. Change the rules. Compete faster. If your company is looking for an Agile Enterprise Solution we would like to talk with you. For more information please call (803) 788-4936, or visit us on the web at www.avistasolutions.com.
About Interthinx
Interthinx, Inc., an ISO business, is the nation’s leading provider of proven risk mitigation and regulatory compliance tools for the financial services industry. Used at every point in the mortgage lifecycle to prevent mortgage fraud, compliance violations and to assess risk, Interthinx is relied upon by over 1400 customers, including 15 of the top 20 mortgage lenders and 3 of the top 5 largest financial institutions. With technology which earned Mortgage Technology Magazine’s prestigious 10X Award as “a diagnostic and corrective solution of the highest order”, Interthinx expertise in predictive analytics, data mining and risk scoring sets the standard for the industry and directly increases the value of client portfolios. For more information, visit www.interthinx.com or call (800) 333-4510.
“We’ve had many customers request access to Interthinx’s FraudGUARD,” says Mark Phlieger, CEO of Avista Solutions. “We are pleased to be able to provide this seamless system-to-system integration to FraudGUARD. The interface is now available to Avista customers who have an established relationship with Interthinx.”
Interthinx’s FraudGUARD is an electronic fraud prevention tool that is designed to reduce the risk associated with mortgage lending due to fraud. The integration will allow Avista customers using the Avista Agile LOS™ Wholesale, Retail and Correspondent mortgage platforms to instantly and seamlessly screen loans for potential mortgage fraud. FraudGUARD immediately searches hundreds of mortgage-related data fields in a loan record to identify any misinformation, inaccuracies and inconsistencies which could be indications of mortgage fraud. FraudGUARD will then produce a detailed report for Avista’s lenders with recommendations on how to respond.
“Mortgage fraud continues to plague the industry at large, and Interthinx is committed to relationships with companies like Avista who share the common goal of thwarting criminal activity before funding,” said Kevin Coop, President of Interthinx. “As noted in our recent Risk Metrics Validation Study, Interthinx offers proven fraud scoring systems capable of predicting non-performing loans and solutions to mitigate risk for lenders and investors. Avista customers will no doubt benefit from the seamless integration of FraudGUARD and the industry standard of protection it offers.”
The Avista Agile LOS™ origination platform allows users to create loan applications via the internet or import the application from external loan origination software. The platform also allows users to order services such as credit and automated underwriting. This B2B website provides online status, pipeline management, product eligibility and pricing with lock capabilities, originator/lender loan collaboration and disclosures and closing documents through a 3rd party document service. The lender view allows users access to all of the originator specific services as well as features such as template driven underwriting management. Simple updating of website content for each channel is managed through the user-friendly back end administration. The proven technology of Avista’s Agile LOS is designed to streamline the origination process, increase loan production, reduce operating costs, improve customer service, and increase lender profits.
About Avista Solutions
Avista Solutions, the mortgage industry’s most agile origination software provider, has handled over $337 billion in loan volume and our customers are among the highest rated in the industry for their origination technology. The demand for new mortgage products in a rapidly changing market requires a platform with superior flexibility. Avista Solutions’ suite of mortgage lending software provides complete end-to-end solutions that can be rapidly implemented for conforming, Alt-A, and sub-prime products, across all origination channels. Change the rules. Compete faster. If your company is looking for an Agile Enterprise Solution we would like to talk with you. For more information please call (803) 788-4936, or visit us on the web at www.avistasolutions.com.
About Interthinx
Interthinx, Inc., an ISO business, is the nation’s leading provider of proven risk mitigation and regulatory compliance tools for the financial services industry. Used at every point in the mortgage lifecycle to prevent mortgage fraud, compliance violations and to assess risk, Interthinx is relied upon by over 1400 customers, including 15 of the top 20 mortgage lenders and 3 of the top 5 largest financial institutions. With technology which earned Mortgage Technology Magazine’s prestigious 10X Award as “a diagnostic and corrective solution of the highest order”, Interthinx expertise in predictive analytics, data mining and risk scoring sets the standard for the industry and directly increases the value of client portfolios. For more information, visit www.interthinx.com or call (800) 333-4510.
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