Industry News

Mortgage tech companies expand fraud detection

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Interthinx has integrated its mortgage fraud prevention systems with VueCentric's loan origination system, the companies announced today. The partnership allows VueCentric's Mortgage Dashboard customers to automatically screen for potential fraudulent activity through the integration with Interthinx tools. VueCentric's Mortgage Dashboard enables the processing of paperless mortgages for lenders, credit unions and banks. It provides loan product optimization, loan application processing, all state-specific forms and disclosures, automated underwriting and closing documents. In addition to conventional loans, the platform supports sub-prime automated underwriting as a Web service. "The added capabilities Mortgage Dashboard has with the Interthinx solutions enables us to confidently check and close loans without potential fraud becoming an issue," said Michelle Spaan, manager of regulation and compliance for Western Thrift and Loan, a company that uses VueCentric's expanded loan origina...