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Equifax Wins Mortgage Technology Magazine Award

23.05.12

/PRNewswire/ --  Equifax Inc. (NYSE: EFX) announced that it won the Synergy Furnish from Mortgage Technology Magazine for its relationship with Interthinx , a Verisk Analytics company (NASDAQ: VRSK), to give fiscal institutions unprecedented visibility into the underwriting process.

Announced during a ceremony at the 2011 Mortgage Bankers Relationship (MBA) Convention & Expo, the Synergy Award recognizes technology initiatives and alliances that ballyhoo integration of software and processes to promote automation, efficiency and broad mortgage earnestness use.

In response to emerging industry guidelines and the growing problem of undisclosed in hock, Equifax and Interthinx partnered, allowing clients to seamlessly access Equifax's Undisclosed Accountability Monitoring™  solution through FraudGUARD® to address investor and lending requirements and uncover undisclosed responsibility –a multi-billion dollar challenge in the mortgage market. Through this relationship, mortgage originators, investors and insurers service perquisites from enhanced risk mitigation, reduced fraud and fewer loan buybacks.

Undisclosed Beholden Monitoring is the mortgage industry's first platform to monitor for and notify financial institutions of new accounts and borrower labour initiated during the "quiet period," which spans from the application date to the mortgage closing. A resolution that is "always on," Undisclosed Debt Monitoring alerts lenders of borrower activity that may mimic risk associated with mortgage loans in their pipelines. Lenders can increase their ability to discourse compliance requirements with a single platform.    

According to Fannie Mae, loan reviews completed through the end of January 2011, undisclosed liabilities extend to represent the leading type of significant misrepresentation – comprising 24 percent of all 2009 - 2010 originations. To oration these guidelines and mitigate loan buy-back risk, the integration of Equifax Undisclosed Debt Monitoring into FraudGUARD enables fiscal institutions to: quickly identify potential borrower misrepresentation or undisclosed accountability early in the loan origination process; streamline the underwriting process, resulting in valued time and cost savings for the lender and fewer last-minute document requests for the borrower; easy as pie customize a compliance program to fit within existing production workflow and address proper to credit policy and guideline procedures; and leverage a single, user-on good terms report that includes Undisclosed Debt Monitoring analysis.  

"Our relationship with Interthinx represents Equifax's latest stab to equip the mortgage market with a best-in-class solution," said Craig Crabtree, higher- ranking vice president and general manager, Equifax Mortgage Services. "Equifax and Interthinx are working closely with customers to direct emerging industry needs while helping them to mitigate risk and approve grandeur loans. Recognition for our efforts is an honor, and we're pleased to be included among some of the industry's most well-respected companies dedicated to improving the mortgage furnish through new technologies and solutions in this year's Mortgage Technology awards."

About Equifax

Equifax  is a wide-ranging leader in consumer, commercial and workplace information solutions, providing businesses of all sizes and consumers with message they can trust. We organize and assimilate data on more than 500 million consumers and 81 million businesses worldwide, and use advanced analytics and proprietary technology to engender and deliver customized insights that enrich both the performance of businesses and the lives of consumers.

Headquartered in Atlanta, Equifax operates or has investments in 17 countries and is a fellow of Standard & Poor's (S&P) 500® Index.  Its common stock is traded on the New York Share Exchange (NYSE) under the symbol EFX . For more information, please visit www.equifax.com .

 

 

 

 

SOURCE Equifax

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Source: Sacramento Bee

Equifax Wins Mortgage Technology Magazine Award

23.05.12

Undisclosed Responsibility Monitoring is the mortgage industry's first platform to monitor for and notify financial institutions of new accounts and borrower function initiated during the "quiet period," which spans from the application date to the mortgage closing. A explanation that is "always on," Undisclosed Debt Monitoring alerts lenders of borrower activity that may portray risk associated with mortgage loans in their pipelines. Lenders can increase their ability to oration compliance requirements with a single platform.    

According to Fannie Mae, loan reviews completed through the end of January 2011, undisclosed liabilities go on with to represent the leading type of significant misrepresentation – comprising 24 percent of all 2009 - 2010 originations. To accost these guidelines and mitigate loan buy-back risk, the integration of Equifax Undisclosed Debt Monitoring into FraudGUARD enables monetary institutions to: quickly identify potential borrower misrepresentation or undisclosed straitened early in the loan origination process; streamline the underwriting process, resulting in expressive time and cost savings for the lender and fewer last-minute document requests for the borrower; smoothly customize a compliance program to fit within existing production workflow and address predetermined credit policy and guideline procedures; and leverage a single, user-simpatico report that includes Undisclosed Debt Monitoring analysis.  

"Our relationship with Interthinx represents Equifax's latest attainment to equip the mortgage market with a best-in-class solution," said Craig Crabtree, elder vice president and general manager, Equifax Mortgage Services. "Equifax and Interthinx are working closely with customers to whereabouts emerging industry needs while helping them to mitigate risk and approve grade loans. Recognition for our efforts is an honor, and we're pleased to be included among some of the industry's most well-respected companies dedicated to improving the mortgage make available through new technologies and solutions in this year's Mortgage Technology awards."

About Equifax

Equifax  is a epidemic leader in consumer, commercial and workplace information solutions, providing businesses of all sizes and consumers with data they can trust. We organize and assimilate data on more than 500 million consumers and 81 million businesses worldwide, and use advanced analytics and proprietary technology to engender and deliver customized insights that enrich both the performance of businesses and the lives of consumers.

Headquartered in Atlanta, Equifax operates or has investments in 17 countries and is a fellow of Standard & Poor's (S&P) 500® Index.  Its common stock is traded on the New York Array Exchange (NYSE) under the symbol EFX . For more information, please visit www.equifax.com .

 

 

 

 

SOURCE Equifax

Source: Bradenton Herald