Everything's relative, or so the saying goes, and Calabasas, Calif.-based Interthinx is taking the expression literally, using a relational database to help lenders detect and prevent mortgage fraud. "A half-million mortgage applications hit our system every month," said Jeff Moyer, vice president, sales, for Interthinx, which provides fraud prevention and decision support tools for the mortgage industry. The company can compare the information in all those applications to help uncover fraud, Moyer said. Read Inman News' White Paper, "Inside Real Estate's Fraud Crisis: Schemes that Hijack the American Dream." "Let's suppose you apply for a loan from the Bank of America and go through a broker, and the broker says, 'You don't have enough income. Let's change your income from $70,000 to $10...
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