C&S Marketing Launches IdentityPro; Report Option Gives Lenders Quick Access to Fraud Prevention Tools.Business Editors SACRAMENTO, Calif.--(BUSINESS WIRE)--Nov. 3, 2003 C&S Marketing, a leading provider of property valuation and collateral assessment data for the mortgage lending industry, now offers IdentityPro, a new fraud research and quality control tool that gives lenders access to a borrower's records. IdentityPro is a powerful report that provides users with quick access to fraud prevention tools in their workflow process. The tool searches both public and non-public record services from national and state databases for a summary of the borrower's assets, driver's licenses Noun 1. driver's license - a license authorizing the bearer to drive a motor vehicle driver's licence, driving licence, driving license license, permit, licence - a legal document giving official permission to do something , professional licenses and real estate property. IdentityPro compiles the information gathered from the record sources and delivers the relevant data to lenders in a single report. "Intercepting and preventing fraud is best done on the front-end of the lending process and can be simply a matter of fact checking both public and non-public databases," said Steve Schroeder Steven A. Schroeder is Distinguished Professor of Health and Health Care at the University of California, San Francisco (UCSF). He served as the President and CEO of the Robert Wood Johnson Foundation from 1990 to 2002. Dr. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of C&S Marketing. "IdentityPro enables lenders to automate their fact checking process directly from the LOS input data, allowing them to pro-actively intercept intercept in mathematical terms the points at which a curve cuts the two axes of a graph. fraud instead of reacting to it." IdentityPro is part of a comprehensive suite of C&S Marketing detection tools that consistently help alleviate risk and reduce loss. It also offers detailed borrower information for fraud investigation, underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. , and loss mitigation, giving lenders a first line of defense with quick and easy access to fraud tools that determine risks before they occur. "Most managers deal with fraud after the fact and as operational exceptions," said Jeff Lebowitz, president of MORETECH LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . "Exceptions are disruptive and usually add unnecessary expense. The trick is for lenders to systematize sys·tem·a·tize tr.v. sys·tem·a·tized, sys·tem·a·tiz·ing, sys·tem·a·tiz·es To formulate into or reduce to a system: "The aim of science is surely to amass and systematize knowledge" fraud detection and management. When the process is embedded Inserted into. See embedded system. in ordinary workflow, the operational costs of fraud management can be minimized. To the extent that IdentityPro helps integrate fraud detection and management into lenders' workflow, they will benefit greatly." About C&S Marketing Sacramento, Calif. - based C&S Marketing is committed to providing reliable information and automation services that drive the mortgage lending business. Since 1997, the mortgage industry has relied on C&S Marketing's knowledge and information tools to provide quality control, appraisal review and underwriting process support. The C&S Marketing family of property information tools provide the data, comprehensive geographic coverage, ease-of-use and accessibility lenders need. For more information about C&S Marketing, visit www.csmarketing.net. |
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