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DATAVERIFY RELEASES MORTGAGE BROKER AND LENDER LICENSE MONITORING SYSTEM
Chesterfield, MO, September 25, 2006 — DataVerify, a leading provider of fraud prevention and decision management solutions for the mortgage industry,
announced the release of Third Party Verify, an innovative database product that automates the process of mortgage broker and correspondent lender license
verifications.
The Third Party Verify database continuously updates information from all regulatory sources that license mortgage originators in the nation to deliver
customers an accurate and easy to use platform for mortgage license verifications. “The key to our system is the advanced sourcing technology that applies
real time updates to our license repository from state regulatory sources. The end result is that we have the very latest nationwide licensing information
available on a single platform,” said Mike Moseler, CIO of DataVerify.
“In an environment in which all mortgage lenders are seeking new ways to streamline arduous manual or semi-automatic verification processes, such as critical
third party license verifications, DataVerify’s Third Party Verify product actively monitors the license status and automatically alerts clients the instant
that any licensing status changes. Third party license validation has been a unique feature of our DRIVE loan level mortgage fraud detection system and
this new global license verification system meets the broader additional needs of our customers for real time license verification and monitoring,”
said Steven Halper, CEO of DataVerify.
For more information on Third Party Verify and other DataVerify products, visit the company’s web site at www.dataverify.com or call 866-895-3282.
About DataVerify
DataVerify Corporation is the preeminent provider of fraud prevention and decision management solutions for the mortgage industry. DataVerify's
executive team includes the former AppIntelligence Founder/CEO - Steve Halper and CIO - Michael Moseler who, at DataVerify, have developed a
new "next generation" platform that leverages the latest .NET technology to deliver superior anti-fraud products powered with more robust exterior
database sources, superior predictive analytics and a comprehensive array of new and advanced features. These new technological advancements allow
lenders to predict fraud and mitigate loss with unprecedented accuracy while increasing workflow efficiency and reducing loan approval timeframes
at the point of sale. For more information about DataVerify, call 866-895-3282 or access the company's web site at www.dataverify.com.
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